Coinbase CEO Reverses Course, Urges Passage of CLARITY Act

[madmax]

Brian Armstrong has renewed his support for the Digital Asset Market Clarity Act, stating that “it’s time” for the legislation to move forward after months of delays and revisions.

This marks a notable shift, as Armstrong previously criticized the bill earlier this year and withdrew Coinbase’s backing due to concerns over how it addressed key issues like token classification and regulatory overlap. Now, after ongoing negotiations between lawmakers, regulators, and industry leaders, he believes the updated version has matured into a “strong bill” that can provide much-needed clarity.

The renewed endorsement signals that major crypto players are increasingly aligned with policymakers, raising expectations that the US could finally establish a comprehensive framework for digital assets—something the industry has been demanding for years.

[etfs]

armstrong backing it again suggests the bill has actually evolved in a meaningful way