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Coinbase CEO: Senate Has Reviewed CLARITY Act for a Year, Urges Prompt Voting

On August 7, Coinbase CEO Brian Armstrong stated that the Senate has been reviewing the CLARITY Act for a year. During this time, lawmakers have negotiated hundreds of pages of amendments, reached consensus on SEC and CFTC nominees, and achieved an unprecedented ethical commitment. Meanwhile, compromises have also been made by the cryptocurrency and banking industries. This is how legislation should operate: no one gets everything they want, but everyone can obtain most of what they need. The remaining issue is no longer about continuing negotiations, but whether certain groups will attempt to delay or block legislation that has already garnered broad bipartisan support. Millions of Americans hold cryptocurrencies, and they are watching this process. It is time to vote.

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