As reported by TheMarketPeriodical, Coinbase CEO Brian Armstrong met with U.S. senators in Washington, D.C., as the CLARITY Act moves closer to becoming law. Senator Tim Scott confirmed that committee markups will occur in December, with a full Senate vote expected in early 2026. The bill aims to clarify regulatory jurisdiction, assigning the CFTC oversight of digital commodities and the SEC authority over investment contracts. Armstrong urged lawmakers to accelerate the process, while crypto journalist Eleanor Terrett clarified that the House and Senate versions of the bill are essentially the same and will be merged soon. The passage of the bill could unlock major institutional participation and reshape the U.S. crypto market.
Coinbase CEO Meets with U.S. Senators as Crypto Regulatory Bill Gains Momentum
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