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- Coinbase CEO Brian Armstrong said the CLARITY Act must be passed now, calling the current plan a tough bill.
- The approval marks a reversal of Armstrong’s earlier criticism, when he said Coinbase could not support the law as originally drafted.
Coinbase CEO Brian Armstrong has given his support behind the scenes CLARITY Acta big change in tone from earlier this year when he said the company could not stop the bill in its current state.
In a post on X Thursday, Armstrong said Coinbase agreed with recent comments from US Treasury Secretary Scott Bessentwho urged Congress in a Wall Street Journal op-ed to move forward with the legislation. Armstrong said that after months of discussions involving lawmakers, crypto companies and banking representatives, the current version of the bill has become a “strong bill.”
He wrote: “It’s time to enact the Clarity Act.”
Armstrong has changed course as negotiations continue to reform the bill
That faith is important because Coinbase’s previous criticisms were not trivial. About three months ago, before the vote, Armstrong said the exchange would not support the bill “as written.” At the time, this showed that the industry still saw serious problems in planning.
Now the message is different. Coinbase seems to believe that the negotiations have moved the rules closer to something that the sector could have, or something that the largest US company is prepared to protect publicly.
The change also shows how fluid Washington crypto policymaking remains. A bill that was once seen as very wrong by a major industry player is now being billed by the same player who is ready to go.
Treasury support adds weight to the push
Armstrong’s support comes after Bessent’s public intervention, which gave the bill a broader agenda than just crypto enforcement. This is important in Washington. Treasury support doesn’t mean it will pass, but it does change the political landscape of a bill that could be framed as a list of corporate demands.
For Coinbase, public acceptance also carries weight. The company has spent years pushing for clearer US crypto regulations, often arguing that the uncertainty itself is part of the problem.
Now that the CLARITY Act looks closer to its preferred form, Coinbase isn’t standing still. It is leaning, openly, and asking Congress to move.
