$LUNA
Cooling DownSnapshot Window: 2026-07-22 10:10 UTC · ← Back to Crypto Overview
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BREAKING: #Coinbase CEO Brian Armstrong says he is optimistic the CLARITY Act will pass 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 the work from both sides of the aisle spending thousands of hours along with their staff to get a true five partisan 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 for 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 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 we frankly would 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 gonna allow America to win and to protect consumers here.
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