Coinbase CEO Brian Armstrong said the U.S. crypto industry is headed toward clearer federal rules regardless of whether the Senate passes the CLARITY Act, pointing to work already underway at the Securities and Exchange Commission and Commodity Futures Trading Commission.
Armstrong said he believes the legislation has enough support to move forward and that senators he has spoken with are on board. The Senate is scheduled to hold a key procedural vote on the measure Sept. 15, with negotiations continuing over ethics provisions and other unresolved issues.
