Coinbase CEO Urges Senate to Pass CLARITY Act Sept 15

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Coinbase CEO Brian Armstrong says the US is an outlier as most G20 nations and UK already regulate crypto. He urges the Senate to pass the CLARITY Act September 15 to define SEC-CFTC jurisdiction and unlock institutional growth.

What to Know

  • US is outlier as most G20 and UK already regulate crypto: Armstrong.
  • Armstrong urges Senate to pass CLARITY Act on Sept 15 to define SEC/CFTC roles.
  • Bill could unlock institutional growth; failure risks US losing talent and liquidity offshore
Coinbase

The CEO of Coinbase, Brian Armstrong, is pressing harder the authorities in Washington to recognize that the United States has become a laggard compared to the other G20 countries as worldwide cryptocurrency regulations are progressing.

Considering the facts that many G20 countries have already established supervision of cash trading and that the UK has approved its broad regulation only a few months ago, Armstrong is calling on the Senate to approve the CLARITY Act on September 15.

A Washington Policy Moment

The CLARITY Act on Digital Markets would spell out the respective boundaries to jurisdiction of the SEC, the S&C Commission and the CFTC, the commodity future trading Commission. It would enable exchanges, brokers, and token issuers to register federally.

The proposed bill intends to do away with the enforcement-based model that led liquidity and developers to flee to more attractive offshore jurisdictions with clear compliance guidelines.

Also Read: Coinbase One Unlocks Lucrative 6.5% APY on $500K USDC

UK Precedent, US Crossroads

Uncertainty is the main hurdle to the US market expansion, as institutional investors, ETFs issuers, stablecoin providers like Circle and Tether, and Layer 1 ecosystems (like Ethereum or Solana) mention it as a concern.

Coinbase

Source: Bloomberg

As the CoinMarketCap data, the US market has been losing its global share since 2022. Clearly defined rules could make it possible for banks to custody digital assets and enable on-chain settlements as well as allowing asset managers like BlackRock Fidelities etc. to be part of the system.

Also Read: Coinbase CEO 2026 Clarifies No Token Endorsements

Why Clarity Matters Now

UK regulation under the Financial Services and Markets Act, which put crypto regulatory responsibility under the FCA, is offering an alternative model to the US approach criticized by Coinbase, one that protects consumers while still allowing innovative solutions to be developed.

Coinbase CEO

Source: Reuters

If the CLARITY bill passes in the Senate on September 15, the attention will then be on the House-Senate reconciliation and the implementation into 2026. Should the legislative effort fail, the US could be left behind as other regions define and set standards at the world level for digital assets.

Also Read: Coinbase Establishes Abu Dhabi Tokenization Hub With FSRA Permissionenate Return

Ananthyka J

Ananthyka J

Ananthyka J is a market reporter at Tronweekly, reporting on cryptocurrency news. She covers cryptocurrency markets, blockchain technology, and digital asset regulation, focusing on Bitcoin, Ethereum, DeFi, altcoins, and crypto policy. Her reporting emphasizes clear and accurate market coverage, including crypto market movements, regulatory developments, and blockchain adoption. She holds a BA in Journalism and Mass Communication and an MA in Communication and Media Studies. She has also completed multiple media internships, follows strict editorial and fact-checking standards, and discloses potential conflicts of interest when reporting.

Articles: 849

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