US Crypto Rules Advance by Sept. 15 as Coinbase Sees Clarity Act Near 60 Senate Votes
Updated
Updated · CNBC · Sep 10
US Crypto Rules Advance by Sept. 15 as Coinbase Sees Clarity Act Near 60 Senate Votes
3 articles · Updated · CNBC · Sep 10
Summary
Sept. 15 is the key date Armstrong pointed to, saying U.S. crypto regulation will move ahead then or within days even if the Clarity Act fails.
The Coinbase CEO said the bill likely passes because crypto firms, law-enforcement groups and several banks support it, and Senate backing appears broad.
Sixty votes remain the hurdle, with ethics provisions still under negotiation, though Armstrong said lawmakers were very close to a solution.
The legislation would split digital-asset oversight between the SEC and CFTC, a step Armstrong said could unlock institutional capital and products such as tokenized equities.
For Coinbase, clearer U.S. rules matter as spot trading has been weak for a year; Q2 revenue fell to $1.2 billion, and the stock is down nearly 23% this year.