Crypto Market Structure Bill Gains Bipartisan Momentum as Coinbase’s Armstrong Says “We’re 90% There”

Momentum is growing for U.S. crypto market structure legislation, the CLARITY Act, despite a government shutdown. Coinbase CEO Brian Armstrong stated that the industry is “90% there” regarding final agreements, citing unprecedented bipartisan cooperation among senators. The bill, which passed the House in July, aims to resolve regulatory ambiguity by defining which digital assets fall under the SEC or CFTC. Key unresolved issues include regulating decentralized finance (DeFi) and stablecoin rewards, with Armstrong advocating for oversight on intermediaries rather than open-source protocols. While some skepticism remains due to the shutdown slowing committee work, proponents like Senator Lummis are hopeful the bill could reach the President's desk before the end of the year.

(Source：Bitcoin Magazine)