The Office of the Comptroller of the Currency handed Coinbase a national bank trust charter last week — a major regulatory win that came as the crypto exchange’s CEO was ramping up pressure on Congress to finalize long-stalled digital asset legislation.

Armstrong Reverses Course On Clarity Act

Brian Armstrong, who pulled Coinbase’s backing from the Digital Asset Market Clarity Act back in January, is now calling on lawmakers to pass it.

In a post on X, Armstrong said the bill, as it stands after months of negotiation, is strong enough to move forward. “It’s time to pass the Clarity Act,” he wrote.

His change of heart follows an op-ed by US Treasury Secretary Scott Bessent in the Wall Street Journal, in which Bessent urged…