$XTZ
Trending UpSnapshot Window: 2026-07-22 04:40 UTC · ← Back to Crypto Overview
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August 7 is the last day, hopefully it will pass in July BREAKING: Coinbase CEO Brian Armstrong is optimistic that the CLARITY ACT will be passed before the Senate’s August recess. [Spoken audio]: Is there a path to get Democrats to yes? Yes, the Clarity Act is at the one-yard line and it reflects the work from both sides of the aisle spending thousands of hours along with their staff to get a true bipartisan compromise. This bill would strengthen power for law enforcement, it would bring new consumer protections and you have to remember the status quo is that we don't have any federal laws protecting consumers or helping this industry get built in the United States. So the status quo is not going to work. This bill is a dramatic benefit to the United States of America, and it's time to get it over the finish line. And I know that right now is kind of crunch time for this legislation. If it can't get done in the next few weeks before senators go on their big August recess, what is that going to mean for the crypto industry if the bill can't cross the finish line this year? Yeah, well, like I said, I'm pretty optimistic it's going to get done. It's hard for me to imagine somebody not wanting to vote for it at this point, because of all the good work that's been done, it's much better than the status quo. But in the event that it didn't happen, I mean, we have a very friendly set of regulators and administration that we're working with currently in the crypto industry. We would go back to building our company. I mean, we would be doing it here in the United States. We'd be doing some of it offshore where there is clear rules. But frankly, we'd have a slightly more permissive environment under the current regulators. But we at Coinbase believe that we should actually get clear statute, which allows companies to come invest with certainty for the long term through many different administrations. That's what's going to allow America to win and to protect consumers here.
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