Coinbase CEO Seeks SEC, CFTC Action After CLARITY Act Fails

Coinbase CEO, Brian Armstrong, has expressed frustration with the lack of progress on crypto regulations in the United States. In an interview, he stated that 'Can't wait on Congress anymore' after the CLARITY Act failed to pass. The bill aimed to provide clarity for digital asset companies but was met with opposition from some lawmakers.

Armstrong emphasized the need for regulatory certainty and expressed his desire for guidance from the SEC and CFTC. He believes that these agencies can provide a more effective solution than Congress, which has been slow to act on crypto regulations.