Coinbase Dismisses Claims it Killed CLARITY Act Amid Passage Uncertainty

The CLARITY Act has been at the center of controversy as its passage hangs in the balance. The bill, aimed at providing clarity for the US crypto industry, was set to face a Senate floor vote this week but may miss it due to opposition from various stakeholders.

Jeff Dorman, Arca CIO, blames Coinbase and its founder Brian Armstrong for 'killing' the bill in January 2026. According to him, if not for their opposition and subsequent markup flop, the bill would have had enough time to pass.

Coinbase has distanced itself from these claims, with Kara Calvert, VP of U.S. Policy, stating that the bill has improved since its initial version and opposing it was necessary due to problematic provisions that would have harmed rewards, tokenization, and developers.

The Senate is expected to go on recess from August 6th, returning on September 14th, which may be the last window for the bill's passage. With ethics provisions remaining unresolved, the bill's chances of passing are now estimated at a mere 25%.