Coinbase has shifted its position on the proposed CLARITY Act, now actively supporting its passage as momentum builds around crypto regulation in the United States.
CEO Brian Armstrong stated that “it’s time” to move forward with the legislation, describing the latest version of the bill as a “strong” and constructive step toward regulatory clarity for the digital asset industry. The remarks mark a notable reversal from Coinbase’s earlier stance, signaling increased alignment with policymakers.
Armstrong’s comments come as broader efforts intensify in Washington to establish a clear legal framework for cryptocurrencies. The CLARITY Act is seen as a key proposal aimed at defining regulatory boundaries and providing greater certainty for market participants.
The Coinbase CEO also aligned with Treasury Secretary Scott Bessent, who recently urged the Senate Banking Committee to advance the legislative process by holding a markup session and moving the bill forward for final approval.
If passed, the CLARITY Act could represent a major milestone for the crypto sector, potentially reducing regulatory ambiguity and encouraging institutional participation in digital asset markets.