Coinbase CEO Brian Armstrong advocates for CLARITY Act to protect consumers

Coinbase CEO Brian Armstrong is making his case for the CLARITY Act, calling it the kind of bipartisan legislation that could finally bring regulatory order to the US crypto market. His pitch centers on two pillars: protecting consumers from another FTX-style meltdown and keeping the government from overreaching into an industry that’s still finding its footing. The Digital Asset Market Clarity Act of 2025, as it’s formally known, has been winding through Congress for over a year now. It passed the House in July 2025, cleared the Senate Banking Committee earlier in 2026, and is currently stuck in the legislative equivalent of a loading screen, with a Senate floor vote scheduled for September 15, 2026. What the bill actually does At its core, the CLARITY Act tries to answer the question that has plagued crypto regulation since roughly forever: who’s in charge? The bill carves up oversight responsibilities between the SEC and CFTC, establishing distinct market-structure rules for exchanges and issuers of digital assets. The legislation also includes provisions specifically designed to address the kind of catastrophic failures the industry has already lived through. Consumer protectio...