News Summary

• Coinbase CEO Brian Armstrong said u.s. crypto markets will get greater regulatory clarity regardless of how the Senate’s scheduled Sept.
• 15 vote on the CLARITY Act turns out.
• The bill needs 60 votes to advance, and ethics provisions remain among the issues still under negotiation as the vote approaches.
• If the bill fails, Armstrong said, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have indicated they are prepared to publish rulemaking shortly after.