Coinbase CEO Sees CLARITY Act as Key to Institutional Crypto Adoption

Coinbase CEO Brian Armstrong has expressed his support for the CLARITY Act ahead of its September 15 Senate vote.

Armstrong believes that the bill can provide a clearer framework for US crypto markets, attracting institutional capital and tokenized assets to the country.

In an interview on CNBC's Squawk Box Asia, Armstrong noted that law enforcement groups, banks, and crypto companies are now backing the CLARITY Act.

He also stated that his company had previously raised concerns about the bill but now believes that the issues it considered non-negotiable have been resolved.