Coinbase CEO Brian Armstrong is stepping up his push for the CLARITY Act ahead of the Senate’s September 15 procedural vote, saying the bill would give crypto clear rules and that banks increasingly see the industry as an opportunity rather than a threat. Brian made the case in a Fox Business interview and on X, arguing that clearer rules would help keep the crypto industry growing in the United States.
The vote will determine whether the Senate can move forward with the digital-asset market-structure bill, but it wouldn’t amount to final passage. The Digital Asset Market Clarity Act, or H.R. 3633, would create a clearer federal framework for digital assets.
The Clarity Act delivers clear rules for crypto.
Most banks realize that’s not a threat, it’s an opportunity. The win for everyone is having this industry built right here in America. pic.twitter.com/yFi4oBltEy
— Brian Armstrong (@brian_armstrong) August 31, 2026
In July 2025, the bill was approved by the House of Representatives but stalled in the Senate. The Senate majority leader John Thune has scheduled a cloture vote on September 15. Passage requires a 60-vote majority. With 53 Senators in the ranks of the Republicans, a majority is achieved only if at least seven Democrats or independents support the motion. Brian remains optimistic. He recently said Thune would probably not have scheduled the vote without confidence that it could move forward.
However, the bill still faces significant opposition. Senate Democrats have raised concerns about ethics provisions, decentralised finance, crypto rewards and the division of regulatory powers. Questions surrounding President Donald Trump’s crypto interests have also added to the debate.
Brian’s claim that banks broadly see the legislation as an opportunity is also being challenged. Major banking groups support clearer digital-asset rules but have pushed for changes to the bill. They have particularly objected to provisions covering stablecoins, warning that certain payments could encourage customers to move deposits away from banks.
The American Bankers Association has said it wants to strengthen the bill rather than kill it. This makes the banking sector’s position more complicated than simply supporting or opposing the legislation.
Meanwhile, regulators are preparing for either outcome. If Congress fails to pass the CLARITY Act, the SEC and CFTC could pursue their own approaches to creating clearer crypto-market rules. Armstrong has argued that regulatory clarity is coming one way or another, although agency rules would generally be easier for a future administration to change than legislation passed by Congress.
The critical procedural vote will occur the day after the Senate’s anticipated return on Sept. 14, the bill would still have to pass the Senate and be approved by the House before it could become law.
For the crypto industry, September 15 could therefore be an important moment. A successful vote would move the CLARITY Act forward, while failure could shift the focus back toward regulators and their plans for the US digital-asset market.
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