Coinbase Global (COIN) CEO Brian Armstrong said he’s moving past the crypto industry’s big bill two days after the Senate failed to advance the landmark legislation. (Disclosure: Yahoo Finance has a partnership with Coinbase.)

“We let politics get in the way, I guess,” Armstrong said of the bill in an interview with Yahoo Finance partner the Daily Wolf.

He added, “I would just at this point assume it’s dead,” noting that “there’s another path, luckily, with the regulators, the SEC, and the CFTC.”

The failed bill, known as the Clarity Act, was proposed to establish the first federal framework for crypto markets by laying out rules on which federal agency oversees what. 

Setting those…