Coinbase exec defends CLARITY Act delay: 'I completely understand'

The US Genius Act dealt with “structurally simpler” issues than the CLARITY Act, which has yet to be passed into US law, according to a Coinbase executive.

The Digital Asset Market Clarity Act, or CLARITY Act, is moving along the right pathway, despite the crypto industry’s growing impatience, according to a Coinbase executive.

“I completely understand why this is taking longer,” Coinbase Institutional head of strategy John D’Agostino said during an interview on CNBC on Friday.

“It’s the kind of bill that is quite frankly more foundational for the growth of crypto or any real asset class,” he said, emphasizing that it makes sense for the process to take some time.

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