Coinbase CEO Brian Armstrong Supports CLARITY Act as US Crypto Bill Gains Momentum

Coinbase CEO Brian Armstrong has publicly backed the latest version of the CLARITY Act as the crypto market structure bill moves toward a key Senate markup on Thursday. Speaking about the updated proposal, Armstrong said the legislation is now in one of its strongest positions after months of discussions between lawmakers, crypto companies and banking groups.

“I don’t think it’s ever been in a stronger or more bipartisan position,” Armstrong said while discussing the bill’s progress.

The updated legislation comes after long negotiations that began when an earlier draft stalled in January 2025. At the time, several crypto companies, including Coinbase, pushed back against parts of the proposal, especially rules tied to stablecoins.

Stablecoin Yield Debate Reaches a Compromise

Armstrong said one of the biggest disagreements — stablecoin yield — has finally reached what he called a “healthy compromise.” He credited Senators Thom Tillis and Angela Alsobrooks for helping broker discussions between banking and crypto lobby groups.

According to Armstrong, the agreement worked because neither side got everything it wanted.

“Both sides left a little bit unhappy, but at least we got to a place that we can all live with,” he said.

Updated Bill Expands Focus on DeFi and Tokenized Assets

Armstrong also noted that the latest version of the CLARITY Act includes better provisions for decentralized finance (DeFi), tokenized stocks and the regulatory role of the CFTC in overseeing crypto markets.

Public support for crypto regulation appears to be growing. A recent survey found that around 20% of Americans own cryptocurrency, while a separate voter poll showed 52% support passing the CLARITY Act into law, compared with only 11% opposed.