Coinbase CEO Backs CLARITY Act Push After Treasury Secretary Called For Senate Action

Coinbase CEO Backs CLARITY Act Push After Treasury Secretary Called For Senate Action

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The push to cross crypto laws in the USA has picked up tempo once more, this time with uncommon alignment between policymakers and one of many crypto business’s most influential voices.

A brand new assertion from Brian Armstrong has added new weight to requires Congress to maneuver the Digital Asset Market Readability Act, simply as strain is coming from Washington to convey the invoice again into focus.

Treasury Steps In As Urgency Builds In Washington

One of the vital consequential voices in American crypto simply modified sides. Brian Armstrong, CEO of crypto trade Coinbase, declared on social media that it’s time to cross the Readability Act, publicly endorsing the Digital Asset Market Readability Act of 2025 in a put up on X, the identical laws he had twice rejected beforehand.

The remark by Armstrong is in response to a forceful Wall Road Journal opinion piece by Treasury Secretary Scott Bessent and is among the first few indicators that the legislative standoff over US crypto market construction might lastly be reaching its finish.

Discussions across the CLARITY Act elevated after Scott Bessent publicly referred to as on lawmakers to behave, noting that the USA dangers falling behind in shaping the way forward for digital finance with out clear laws. Within the opinion piece, Bessent talked about how Congress has already spent years trying to outline how digital belongings needs to be handled and that the time for debate is working out.

Bitcoin is now buying and selling at $71,500. Chart: TradingView

The Treasury Secretary additionally famous the distinction in different jurisdictions with clearer regulatory guidelines, comparable to Abu Dhabi and Singapore. Subsequently, passing the CLARITY Act is vital to bringing again blockchain builders and crypto entrepreneurs to the USA after a lot of the business relocated to those international locations.

“There is one way to give developers and entrepreneurs the comfort to reshore: durable law,” he mentioned.

The piece additionally related the CLARITY Act to its predecessor, the GENIUS Act, the stablecoin framework that President Trump signed into legislation in July 2025. The Genius Act proved that progress is feasible, however the progress can’t be absolutely realized with out help from the CLARITY Act.

Armstrong Expresses Help

Armstrong responded to Bessent opinion, noting how it’s time to cross the Readability Act. 

“Grateful for all the bipartisan work among Senators and staff over the past several months to make this a strong bill,” the Coinbase CEO mentioned.

Armstrong’s response to Bessent’s remarks is a notable flip for Coinbase, which has performed a sophisticated function within the invoice’s journey to being handed. In January 2026, he publicly withdrew Coinbase’s help for the Senate Banking Committee’s draft, stating that the model was materially worse than the present regulatory establishment and that Coinbase would relatively haven’t any invoice than a nasty one. 

SEC Chair Paul Atkins additionally backed the Treasury Secretary’s feedback, stating in a put up on X the way it’s excessive time for Congress to future-proof in opposition to rogue regulators and advance complete market construction laws to US President Donald Trump’s desk.

Featured picture from Pexels, chart from TradingView

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