Crypto regulation will advance regardless of Clarity Act vote, says Coinbase CEO

The Clarity Act, which seeks to establish a U.S. federal framework for digital assets, is likely to pass given broad support from crypto firms, law-enforcement groups, and several banks, Coinbase CEO Brian Armstrong said.The legislation was ready to be supported by the Senate, Coinbase CEO Brian Armstrong told CNBC on Thursday, saying people he has spoken with are on board with the legislation.While Armstrong was upbeat about the prospects of the legislation getting the Senate’s approval, he said even if that doesn’t happen, the sector will get greater regulatory clarity.“Frankly, if it doesn’t pass, it’s also going to be a good outcome because the SEC and the CFTC have said that they’re ready to publish rulemaking, and we’re going to get regulatory clarity one way or another on the 15th or the day or two after,” he said.Coinbase  has been a vocal supporter of the Clarity Act, which aims to define oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission, that’s set for a Senate vote on Sept. 15.Securing 60 votes has emerged as a key challenge, with ethics provisions among the issues under negotiation.Armstrong described the potential passage of the as a “regulatory checkbox” that could help unlock institutional capital and pave the way for products such as tokenized equities in the U.S. “It’d be a big milestone.”The Clarity Act, introduced in May 2025 to establish clearer rules for the U.S. crypto industry, passed the House last July.Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.