Coinbase CEO Confirms Regulatory Clarity for U.S. Crypto Industry Ahead of CLARITY Act Vote
- The Senate will vote on the CLARITY Act on September 15, requiring a minimum of 60 votes to advance.
- If the bill fails, the SEC and CFTC are prepared to publish their own rules shortly after.
- The House previously passed the Digital Asset Market Clarity Act with a vote of 294-134.
- Key issues remaining include ethics rules for officials holding digital assets, with both parties nearing an agreement.
- Goldman Sachs CEO has expressed support for the CLARITY Act despite existing concerns in traditional banking sectors.
Armstrong emphasized that regardless of the outcome on September 15, regulatory clarity is imminent for the U.S. crypto industry, as agencies like the SEC and CFTC are ready to act independently if needed.
With significant support from financial leaders and ongoing negotiations over ethics rules, clarity is expected soon, impacting how digital assets are regulated in the U.S. (Source)
