Armstrong Sees October Rebound as Bipartisan Vote Looms on CLARITY Act

Coinbase CEO Brian Armstrong is optimistic about a bipartisan vote on the CLARITY Act, expected to happen on September 15. He believes this will bring regulatory clarity, encouraging institutional entry into the market.

The act aims to clarify whether digital assets are classified as securities or commodities. Long-standing classification ambiguities have hindered institutional investor participation, but bipartisan support may help reverse this trend.

Multiple macroeconomic factors are converging in favor of a rebound: new SEC rules reducing enforcement uncertainty, increased U.S. government purchases of Treasury bonds boosting market liquidity, and former President Donald Trump's remarks stimulating speculative enthusiasm.