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Home Crypto Updates

Coinbase CEO Backs CLARITY Act Push After Treasury Secretary Called For Senate Action

13/04/2026
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Coinbase CEO Backs CLARITY Act Push After Treasury Secretary Called For Senate Action


Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure

The push to cross crypto laws in america has picked up tempo once more, this time with uncommon alignment between policymakers and one of many crypto business’s most influential voices.

A brand new assertion from Brian Armstrong has added new weight to requires Congress to maneuver the Digital Asset Market Readability Act, simply as strain is coming from Washington to convey the invoice again into focus.

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Treasury Steps In As Urgency Builds In Washington

One of the consequential voices in American crypto simply modified sides. Brian Armstrong, CEO of crypto change Coinbase, declared on social media that it’s time to cross the Readability Act, publicly endorsing the Digital Asset Market Readability Act of 2025 in a submit on X, the identical laws he had twice rejected beforehand.

The remark by Armstrong is in response to a forceful Wall Avenue Journal opinion piece by Treasury Secretary Scott Bessent and is likely one of the first few indicators that the legislative standoff over US crypto market construction might lastly be reaching its finish.

Discussions across the CLARITY Act elevated after Scott Bessent publicly known as on lawmakers to behave, noting that america dangers falling behind in shaping the way forward for digital finance with out clear laws. Within the opinion piece, Bessent talked about how Congress has already spent years making an attempt to outline how digital property ought to be handled and that the time for debate is operating out.

Bitcoin is now buying and selling at $71,500. Chart: TradingView

The Treasury Secretary additionally famous the distinction in different jurisdictions with clearer regulatory guidelines, equivalent to Abu Dhabi and Singapore. Due to this fact, passing the CLARITY Act is necessary to bringing again blockchain builders and crypto entrepreneurs to america after a lot of the business relocated to those international locations.

“There’s one option to give builders and entrepreneurs the consolation to reshore: sturdy regulation,” he mentioned.

The piece additionally linked the CLARITY Act to its predecessor, the GENIUS Act, the stablecoin framework that President Trump signed into regulation in July 2025. The Genius Act proved that progress is feasible, however the progress can’t be absolutely realized with out assist from the CLARITY Act.

Armstrong Expresses Help

Armstrong responded to Bessent opinion, noting how it’s time to cross the Readability Act. 

“Grateful for all of the bipartisan work amongst Senators and workers over the previous a number of months to make this a robust invoice,” the Coinbase CEO mentioned.

Armstrong’s response to Bessent’s remarks is a notable flip for Coinbase, which has performed a sophisticated function within the invoice’s journey to being handed. In January 2026, he publicly withdrew Coinbase’s assist for the Senate Banking Committee’s draft, stating that the model was materially worse than the present regulatory establishment and that Coinbase would quite don’t have any invoice than a nasty one. 

SEC Chair Paul Atkins additionally backed the Treasury Secretary’s feedback, stating in a submit on X the way it’s excessive time for Congress to future-proof in opposition to rogue regulators and advance complete market construction laws to US President Donald Trump’s desk.

Featured picture from Pexels, chart from TradingView

Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our group of high know-how consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



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Tags: ActActionBacksCalledCEOclarityCoinbasepushSecretarysenateTreasury
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