Coinbase CEO: CLARITY Act Expected to Receive 60 Senate Votes on September 15

Odaily Planet Daily News: Coinbase CEO Brian Armstrong stated that the U.S. (CLARITY Act) is expected to receive more than 60 votes of support in the U.S. Senate on September 15, and he is confident it will pass the first key procedural vote after returning to Congress.

Brian Armstrong previously stated that the CLARITY Act has entered its final push phase, and the Senate procedural vote requires 60 votes of support to advance the bill. The bill aims to establish a U.S. digital asset regulatory framework, clarifying the division of responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the regulation of crypto assets. Armstrong believes that regulatory clarity for the U.S. crypto industry is approaching, and whether the CLARITY Act ultimately passes or regulators advance rules through administrative action, the market will see a clearer regulatory environment.

Previously, U.S. President Trump also urged Congress to push for the passage of the CLARITY Act, arguing that the bill is of great significance for establishing a digital asset regulatory system and enhancing the competitiveness of the U.S. crypto industry. reuters.com However, the bill still faces disputes among some lawmakers over issues such as conflicts of interest and stablecoin regulation, and whether it can ultimately be successfully enacted still depends on subsequent negotiations in the Senate. (CoinDesk)