Armstrong Touts CLARITY Act as Key to Economic Security and National Security

Coinbase CEO Brian Armstrong is pushing for passage of the CLARITY Act, which he believes will provide economic security and national security.

The act would establish a federal framework for classifying digital assets and assigning regulatory authority, resolving long-standing jurisdictional disputes between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Proponents argue that the bill would provide much-needed clarity for businesses, encourage innovation, and protect consumers.

The White House has not yet issued an official position on a compromise proposal related to the bill's ethics provisions, leaving its trajectory uncertain.