Coinbase CEO says Clarity Act is ready for a Senate vote

  • Brian Armstrong said senators he consulted support the Clarity Act.
  • Armstrong said SEC and CFTC rulemaking could provide clarity if the bill fails.
  • Coinbase is expanding beyond spot crypto trading into stocks, commodities and stablecoins.

Coinbase CEO Brian Armstrong said the Clarity Act is "ready to get a yes vote," with senators he has spoken with supporting it. He also said regulatory clarity could still emerge if the bill fails, through rulemaking by the SEC (U.S. securities regulator) and CFTC (U.S. derivatives regulator). Coinbase is meanwhile broadening its business beyond spot crypto trading to include stocks, commodities, stablecoins and other activities. The company is identified by the ticker COIN.

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