Coinbase Prepares for Plan B if CLARITY Act Fails to Pass Congress

Coinbase has a plan B in case the CLARITY Act fails to pass Congress. The company's Chief Financial Officer, Alesia Haas, said that Coinbase could pursue new crypto products and services through US regulators even if the bill stalls.

The exchange expects agency action from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to support its expansion. However, executives acknowledge that legislation could accelerate adoption and bring investor money into the market faster.

Coinbase's plan B relies on existing powers, with Haas identifying Congress, regulators, and courts as three routes to clarity. The company believes that the SEC and CFTC offer a workable alternative if legislation stalls.