Coinbase CEO Brian Armstrong is moving on from the crypto industry's biggest legislative setback in years, saying federal regulators offer another route for digital assets after the Senate failed to advance the CLARITY Act this week.
"We let politics get in the way, I guess," Armstrong said of the bill in an interview with the Daily Wolf. He now assumes the legislation is dead and believes the industry can instead work through federal regulators, telling Yahoo Finance that "there's another path, luckily, with the regulators, the SEC and the CFTC."
