Coinbase CEO calls crypto bill a freight train as lawmakers push for clarity measures
Coinbase CEO Brian Armstrong called the Digital Asset Market Clarity a freight train following his meetings with lawmakers in Washington. He revealed that lawmakers have strong bipartisan support for the bill.
The Digital Asset Market Clarity Act defines the roles of the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and other financial agencies in regulating digital assets, especially those outside the scope of stablecoins. Armstrong said he has never been more confident about the bill’s passage, arguing that the measure is essential to keeping the crypto industry rooted in the U.S. He said its passage will prevent a regulatory overreach witnessed under the ruling of former SEC…
