Coinbase CEO says the next major crypto bill is a ‘freight train’

Coinbase CEO Brian Armstrong said he has never been more bullish about the Digital Asset Market Clarity Act being passed after his time in Washington, DC this week.

Coinbase CEO Brian Armstrong says that critical legislation to advance crypto in the US has “a good chance of getting done” after witnessing strong bipartisan support for the crypto market structure bill this week. 

The Digital Asset Market Clarity Act seeks to clarify the roles of the Securities and Exchange Commission, the Commodity Futures Trading Commission and other financial agencies that regulate the crypto market, especially non-stablecoins such as tokenized stocks.

After meeting with lawmakers over the last few days, Coinbase CEO Brian Armstrong said: “This is how we ensure the crypto industry can be built here in America, driving innovation and protecting consumers, and making sure we never have another Gary Gensler trying to take your rights.”

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