https://www.coinbase.com/blog
The Clarity Act, a significant piece of legislation concerning the U.S. crypto market structure, is set for a procedural vote on September 15, according to Senate Leader John Thune. Coinbase CEO Brian Armstrong has claimed that the Act is a “done deal,” despite the procedural nature of the upcoming vote, which requires 60 votes to advance. This development has implications for the digital asset market as it aims to establish a federal framework and clarify oversight between the SEC and CFTC. Market participants appear to interpret the CEO’s statements and the scheduled vote as a positive indicator for the Act’s progression.
Key Takeaways
The Clarity Act, H.R. 3633, is set for a procedural vote on September 15, which is not a final passage.
Coinbase CEO Brian Armstrong’s assertion of the Act being a “done deal” suggests confidence in its passage.
