JUST IN| Crypto Clarity Is Coming Either Way.
Coinbase CEO Brian Armstrong says the U.S. crypto industry could get regulatory clarity one way or another: through the CLARITY Act, which is expected to face a key Senate vote on September 15, or through new rules from the SEC and CFTC if Congress fails to deliver.
Armstrong expects the Senate bill to secure 60+ votes, but if that path fails, regulators appear increasingly prepared to move forward themselves. The SEC and CFTC have already been advancing crypto-focused rules and initiatives as congressional legislation remains stalled.
That makes September a potentially important month for U.S. crypto. Either Congress establishes a durable legal framework, or the agencies continue building one through regulation. The difference is that legislation would likely provide greater long-term certainty than rules that could be changed by future administrations.
Coinbase CEO Brian Armstrong says the U.S. crypto industry could get regulatory clarity one way or another: through the CLARITY Act, which is expected to face a key Senate vote on September 15, or through new rules from the SEC and CFTC if Congress fails to deliver.
Armstrong expects the Senate bill to secure 60+ votes, but if that path fails, regulators appear increasingly prepared to move forward themselves. The SEC and CFTC have already been advancing crypto-focused rules and initiatives as congressional legislation remains stalled.
That makes September a potentially important month for U.S. crypto. Either Congress establishes a durable legal framework, or the agencies continue building one through regulation. The difference is that legislation would likely provide greater long-term certainty than rules that could be changed by future administrations.