Coinbase Executive Hopeful of Senate Passing Crypto Regulation Bill Ahead of Recess

The Senate is heading into recess this weekend, leaving little time to pass the CLARITY Act, a crypto regulation bill that has already passed the House.

Coinbase Vice Chair Ryan VanGrack expressed hope that the Senate will still be able to pass the bill before recess.

The CLARITY Act would give federal agencies new powers to monitor digital assets and has bipartisan support in the House.

VanGrack discussed the potential impact of the bill on crypto regulation, but no further details were given about his views or the specifics of the legislation.