"Coinbase CEO Brian Armstrong declared his company’s support for the Digital Asset Market Clarity Act on Wednesday, calling the legislation a “true compromise” that balances the demands of the crypto industry against the interests of the traditional banking sector and signaling the bill is in the best shape he has seen since negotiations began."
"The statements, via Fox News, came as the Senate Banking Committee prepared to hold its markup of the CLARITY Act on May 14, the first formal committee vote on the legislation in the Senate after months of procedural delays and two cancelled markups."
"Committee Chairman Tim Scott has set a target of June or July 2026 for a full Senate floor vote, while the White House has marked July 4 as its goal for a presidential signature."
"At its core, the legislation draws a regulatory line between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Under the bill, the CFTC would hold exc"
Coinbase CEO Brian Armstrong said the Digital Asset Market Clarity Act is a “true compromise” balancing crypto industry demands with traditional banking interests. The Senate Banking Committee is preparing to hold a markup on May 14, the first formal Senate committee vote after months of procedural delays and two cancelled markups. Committee Chairman Tim Scott set a target of June or July 2026 for a full Senate floor vote, while the White House set July 4 as its goal for a presidential signature. The bill, H.R. 3633, cleared the House on July 17, 2025, by a 294-134 bipartisan vote. The legislation draws a regulatory line between the SEC and the CFTC and continues stablecoin negotiations amid lobbying between crypto firms and Wall Street banks.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]