Coinbase CEO says politics, not substance, killed Clarity Act

September 17, 2026 at 05:00 PM1 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Coinbase CEO Brian Armstrong said the Clarity Act failed because of politics, not the bill's substance. He said the legislation contained roughly 95% of what both parties wanted but lacked bipartisan support to move forward.

Key Facts

Coinbase CEO Brian Armstrong said the Clarity Act contained roughly 95% of what both parties wanted.
Armstrong said the bill lacked the bipartisan support needed to move forward.
Armstrong said the focus now shifts to the SEC and CFTC and their roles in shaping crypto regulation.

Armstrong's Assessment

Coinbase CEO Brian Armstrong argued that politics, rather than the substance of the legislation, ultimately derailed the Clarity Act. He said the bill contained roughly 95% of what both parties wanted but lacked the bipartisan support needed to move forward. Armstrong made the remarks in an interview with Scott Melker on 'The Daily Wolf.'

Regulatory Focus Shift

Armstrong said the focus now shifts to the SEC and CFTC and their roles in shaping the regulatory framework for crypto. The Clarity Act was a proposed bill aimed at providing regulatory clarity for digital assets. Coinbase is one of the largest cryptocurrency exchanges in the United States.