In a major show of confidence for the future of U.S. crypto regulation, Coinbase CEO <b>Brian Armstrong</b> has described the "Digital Asset Market Clarity Act" as a "freight train," citing its strong bipartisan support. Armstrong’s comments follow a series of meetings in Washington, D.C., where he, along with other industry leaders, engaged in discussions with lawmakers. His optimism stems from the bill's potential to establish clear regulatory guidelines and define the roles of agencies like the SEC and CFTC in overseeing the digital asset market.
<h2>A Crucial Step for Industry Clarity</h2>
[embed]https://twitter.com/brian_armstrong/status/1968480348960080083[/embed]

Armstrong believes the passage of this legislation is crucial for maintaining the crypto industry's presence in the United States and protecting it from what he views as regulatory overreach. His stance is a direct response to past enforcement-first approaches by regulators, particularly during the tenure of former SEC Chair <a href="https://www.cryptoknowmics.com/news/sec-chairman-gary-gensler-criticizes-the-crypto-industry-and-bitcoins-role/" target="_blank" rel="noopener"><b>Gary Gensler</b></a>. The Clarity Act aims to create a predictable environment for innovation, giving crypto companies the certainty they need to operate and grow within the U.S. without fear of surprise regulatory action.
<h3>A Push for Swift Action</h3>
The momentum behind the bill is not limited to industry support. According to Senator <b>Cynthia Lummis</b>, the legislation is on track to reach the President's desk before the end of the year, following consideration by the Senate Banking and Agriculture Committees. Armstrong has urged companies to prepare for rapid regulatory changes, emphasizing that the fast-paced legislative process could fundamentally shape the future of crypto innovation in the country. The bill's potential passage is seen as a major victory for the crypto community, which has long advocated for clear and concise regulatory frameworks.

Coinbase CEO Brian Armstrong Calls Crypto Bill a “Freight Train”

Coinbase CEO Brian Armstrong calls the crypto bill a "freight train" and is confident it will pass, bringing regulatory clarity.

Coinbase CEO Brian Armstrong Calls Crypto Bill a “Freight Train”

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