Coinbase CEO Predicts Clarity Act Will Pass in U.S. Senate

Coinbase CEO Brian Armstrong believes the Clarity Act has broad support and will likely pass in the U.S. Senate, bringing regulatory clarity to the digital assets space.

Armstrong spoke with CNBC's 'Squawk Box Asia' on Thursday, stating that people he has spoken with are on board with the legislation.

The Clarity Act aims to establish a federal framework for digital assets and has gained support from various crypto firms, law-enforcement groups, and several banks.

Coinbase is expanding its services beyond cryptocurrency spot trading, venturing into stocks, commodities, stablecoins, and other businesses.