Coinbase CEO Backs CLARITY Act Push After Treasury Secretary Called For Senate Action
The push to pass crypto legislation within the United States 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 Clarity Act, simply as stress is coming from Washington to deliver the invoice again into focus.
Treasury Steps In As Urgency Builds In Washington
One of probably the most consequential voices in American crypto simply modified sides. Brian Armstrong, CEO of crypto alternate Coinbase, declared on social media that it’s time to pass the Clarity Act, publicly endorsing the Digital Asset Market Clarity Act of 2025 in a submit on X, the identical laws he had twice rejected beforehand.
The remark by Armstrong is in response to a forceful Wall Street Journal opinion piece by Treasury Secretary Scott Bessent and is among the first few indicators that the legislative standoff over US crypto market construction may finally be reaching its end.
Discussions across the CLARITY Act elevated after Scott Bessent publicly referred to as on lawmakers to behave, noting that the United States dangers falling behind in shaping the way forward for digital finance with out clear rules. In the opinion piece, Bessent talked about how Congress has already spent years making an attempt to outline how digital property must be handled and that the time for debate is working out.
The Treasury Secretary additionally famous the distinction in different jurisdictions with clearer regulatory rules, akin to Abu Dhabi and Singapore. Therefore, passing the CLARITY Act is vital to bringing again blockchain builders and crypto entrepreneurs to the United States after a lot of the business relocated to these countries.
“There is one strategy to give builders and entrepreneurs the consolation to reshore: sturdy regulation,” he said.
The piece additionally related the CLARITY Act to its predecessor, the GENIUS Act, the stablecoin framework that President Trump signed into regulation 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 Support
Armstrong responded to Bessent opinion, noting how it’s time to go the Clarity Act.
“Grateful for all of the bipartisan work amongst Senators and workers over the previous a number of months to make this a robust invoice,” the Coinbase CEO said.
Armstrong’s response to Bessent’s remarks is a notable flip for Coinbase, which has performed a sophisticated position within the invoice’s journey to being handed. In January 2026, he publicly withdrew Coinbase’s support for the Senate Banking Committee’s draft, stating that the model was materially worse than the present regulatory establishment and that Coinbase would quite haven’t any invoice than a foul one.
SEC Chair Paul Atkins additionally backed the Treasury Secretary’s feedback, stating in a post on X the way it’s high time for Congress to future-proof towards rogue regulators and advance complete market construction laws to US President Donald Trump’s desk.
Featured picture from Pexels, chart from TradingView
