Crypto in the US: Coinbase CEO is very optimistic about the CLARITY Act vote

Crypto in the US - Coinbase CEO is very optimistic about the CLARITY Act vote

After a period of open warfare led by the SEC during the Gary Gensler era, the crypto sector has now moved into a new, more constructive phase with regulation. Several texts are currently being studied by the American legislator, including the CLARITY Act, the adoption of which is now a matter of time. And for big crypto bosses like Brian Armstrong, that’s very good news.

Is the CLARITY Act soon to be adopted?

The regulatory situation for cryptocurrencies in the United States is about to undergo a historic change. The CLARITY Act, led by Senator Cynthia Lummis, could well define a regulatory framework that did not exist until now.

A procedure supported by very active crypto lobbying, including the boss of Coinbase. And the latter has just published a message on X in which he explains that he spent “a few days in Washington to help pass legislation on market structure”.

A meeting with legislators that seems to have been very productive, as Brian Armstrong says he is “very optimistic” about the passage of this legislation:

“I think it has a good chance of succeeding, I’ve never been so optimistic about the adoption of the market structure [bill], it’s a freight train leaving the station.”

Brian Armstron, CEO of Coinbase on the CLARITY Act – Source: Account X

Brian Armstrong is “very optimistic” on this subject

The Coinbase boss explains that this bill is currently under discussion. And he said the Senate is firmly committed to seeing this issue through, with members on both sides of the aisle ready to pass this legislation.

A decision that would define the roles between the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and other financial agencies. This is in order to regulate the cryptocurrency market and, more particularly, non-stable tokens such as tokenized shares.

According to Brian Armstrong, this market structure bill will allow the crypto sector to grow in the United States. But also to protect consumers and make sure that there is never another Gary Gensler trying to “take your rights” again. Suffice to say that the former head of the SEC will not be missed by many people…

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