Coinbase's Armstrong advocates for CLARITY Act, influencing crypto regulation debate

Coinbase's Armstrong advocates for CLARITY Act, influencing crypto regulation debate

Coinbase CEO Brian Armstrong backs the CLARITY Act, crucial for crypto regulation, as 20% of Americans now own digital assets, with investments driving usage.

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Approximately 20% of Americans currently hold cryptocurrency, highlighting a significant engagement with digital assets across the country. This statistic comes from the National Cryptocurrency Association's 2025 State of Crypto Holders report, which analyzed data from 54,000 U.S. residents. The report indicates that a majority, around 67%, of these crypto owners are under the age of 45, while only 15% are aged over 55.

In related news, Coinbase CEO Brian Armstrong has expressed strong support for the revised Digital Asset Market Clarity Act (CLARITY) as it approaches markup in the U.S. Senate this Thursday. He emphasized that the bill is in a robust bipartisan position, thanks to recent negotiations between the banking sector and the crypto industry that led to a compromise on stablecoin yield, a contentious topic that previously delayed the bill.

Armstrong noted that Senators Tillis and Alsobrooks played crucial roles in facilitating this agreement, which, while leaving some stakeholders dissatisfied, has paved the way for progress. The updated version of the CLARITY Act also enhances regulations on decentralized finance (DeFi), tokenized stocks, and the authority of the Commodity Futures Trading Commission (CFTC) over crypto markets.

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