The Clarity Act crypto bill gained momentum as Coinbase CEO Brian Armstrong publicly endorsed its passage, signaling a shift in the exchange's regulatory stance. This follows U.S. Treasury Secretary Scott Bessent’s call for Congress to fast-track the market structure legislation.
Coinbase had previously avoided taking a position on the bill due to unresolved stablecoin provisions. Chief Legal Officer Paul Grewal now indicates negotiations are nearing completion, stating: "The legislation is almost final."
The development reflects growing alignment between industry leaders and regulators. The bill establishes a foundational framework for digital assets, with particular focus on resolving stablecoin yield restrictions that initially drew opposition.
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