US Crypto Industry to Gain Regulatory Clarity Regardless of CLARITY Act Outcome

Coinbase CEO Brian Armstrong stated that the US crypto industry will achieve clearer regulations regardless of the outcome of the CLARITY Act vote. The bill's passage would establish rules at the legislative level, but even if it does not pass, the SEC and CFTC will present their own regulatory initiatives.

A procedural vote on the CLARITY Act is scheduled for September 15 in the Senate. According to Armstrong, one way or another, 'we will achieve regulatory clarity, on September 15 or a day or two after.'