Even without a Senate victory, Armstrong expects SEC and CFTC rulemaking to deliver a regulatory framework for the crypto industry.
Coinbase CEO Brian Armstrong has backed the CLARITY Act once again ahead of its September 15 Senate vote.
He argued that the bill could give US crypto markets a clearer framework and help bring institutional capital and tokenized assets into the country.
Armstrong Lays Out His Case for a Yes Vote
Speaking on CNBC’s Squawk Box Asia on September 10, Armstrong described the CLARITY Act as “ready to get a yes vote” and told viewers that people he had spoken with in the Senate were on board.
“Law enforcement groups are now on board. Many banks are on board. The crypto companies are on board,” he said, while also pointing to hundreds of pages of input from both Republicans and Democrats.
The Coinbase chief also noted that his company had previously raised concerns about the bill but now believes the issues it considered non-negotiable changes have been sorted.
“All of those must-have issues that we raised our hands on last time have now been resolved,” he said.
As CryptoPotato reported in August, Senate Majority Leader John Thune filed cloture before the lawmakers went on recess, setting September 15 as the date for the procedural vote. The measure needs 60 votes, meaning Republicans cannot pass it without support from at least seven Democrats or independents.
The political negotiations also include ethics provisions covering digital-asset holdings and projects linked to elected officials, including President Donald Trump.
You may also like:
Armstrong characterized the White House proposal as containing “very strong” ethics provisions, while Democrats have sought additional measures, including divestiture. He added that the discussions appeared to be close to a solution, calling the issue one of the last pieces to fall into place.
The crypto executive also drew a link between regulatory clarity and institutional adoption. Pointing to the GENIUS Act, he noted that more than 150 large companies integrated stablecoins within three months of its passage.
In his view, CLARITY could act as a regulatory “checkbox” for institutional investors and help bring tokenized equities and perpetual contracts to the US. According to Armstrong, even if the bill doesn’t pass, the alternative is already taking shape through the SEC and CFTC.
Last month, he predicted that clarity would arrive through either congressional action or agency rules, after CFTC Chairman Michael Selig had earlier outlined how the agency could use its existing authority to establish a crypto trading framework if Congress stayed deadlocked. Armstrong therefore framed September 15 as a decision point rather than the only route to new rules.
Bitcoin to $400,000 by 2030
He also connected the regulatory debate to broader financial conditions, arguing that excessive government spending can push investors toward Bitcoin “almost like gold.” Furthermore, he pointed to regulated stablecoins as structural buyers of US government debt, creating demand for Treasury bills and potentially helping lower rates.
On Bitcoin itself, Armstrong maintained that $400,000 by 2030 remains a reasonable target. He believes the cryptocurrency’s one-year downturn may have already reached its bottom, noting that the next halving is about a year and a half away and that previous market run-ups have tended to come right before those events.
“I think the next year or two is going to be good for Bitcoin,” he stated.