«Maybe it’s for the best»: Coinbase CEO on the Senate’s rejection of the Clarity Act
Brian Armstrong believes that U.S. regulators have the "tools they need to create clear rules".
Yesterday, September 15, 2026, the U.S. Senate blocked the progress of the Clarity Act, the federal framework bill designed to regulate the market structure of crypto assets. During the session, it received 49 votes in favor and 50 against, failing to reach the required majority of 60 votes.
In the wake of this Capitol Hill setback, the CEO of U.S. exchange Coinbase, Brian Armstrong, reacted by calling the bill’s stalling «a disappointment». However, the executive believed this parliamentary outcome could end up benefiting the industry.
«Even if bipartisan talks continue and it survives to fight another day, we can no longer wait for Congress,» Armstrong said.
After having pushed the initiative during February’s negotiations, the businessman also acknowledged the internal tensions in the process. «There were some concessions we made in the Clarity Act that were hard to swallow, so maybe it’s for the best,» he added.
Instead of the legislative path, the executive argued that regulation of the sector can be carried out through the executive route. In his view, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have the «tools they need to create clear rules under their existing authority».
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Brian Armstrong believes that U.S. regulators have the "tools they need to create clear rules".
Yesterday, September 15, 2026, the U.S. Senate blocked the progress of the Clarity Act, the federal framework bill designed to regulate the market structure of crypto assets. During the session, it received 49 votes in favor and 50 against, failing to reach the required majority of 60 votes.
In the wake of this Capitol Hill setback, the CEO of U.S. exchange Coinbase, Brian Armstrong, reacted by calling the bill’s stalling «a disappointment». However, the executive believed this parliamentary outcome could end up benefiting the industry.
«Even if bipartisan talks continue and it survives to fight another day, we can no longer wait for Congress,» Armstrong said.
After having pushed the initiative during February’s negotiations, the businessman also acknowledged the internal tensions in the process. «There were some concessions we made in the Clarity Act that were hard to swallow, so maybe it’s for the best,» he added.
Instead of the legislative path, the executive argued that regulation of the sector can be carried out through the executive route. In his view, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have the «tools they need to create clear rules under their existing authority».
$BTC $ZEC $SPCXB
#news
