Armstrong Seeks Bipartisan Support for CLARITY Act

Coinbase Global Inc. CEO Brian Armstrong is urging lawmakers to pass the CLARITY Act, which he believes will provide clearer rules for the crypto industry and strengthen U.S. oversight.

Armstrong argues that clearer regulations are necessary to protect consumers, give law enforcement new tools to stop bad actors, and bring crypto within the U.S. regulatory perimeter.

In a post on X, Armstrong stated that 70% of Americans want clear rules for crypto, regardless of whether they love or hate it.

The CLARITY Act aims to establish clearer rules for the crypto industry by defining regulatory responsibilities and providing guidelines for digital asset companies.