Coinbase CEO Brian Armstrong is backing the latest version of the Digital Asset Market Clarity (CLARITY) Act before the US Senate takes up the crypto market structure bill on Thursday.
“I don’t think it’s ever been in a stronger or bipartisan position,” he said of the latest iteration of the market structure bill.
Armstrong said the banking and crypto industry lobbies had reached a “healthy compromise” on stablecoin yields, which was one of the main issues that stalled the drafting of market structure legislation in January. He added:
“I think there was a healthy compromise there, brokered by Senators Tillis and Alsobrooks. And you know, it was a good compromise because both sides left a little bit unhappy, but at least we got to a place we can all live with.”
The latest version of the CLARITY Act also improved provisions related to decentralized finance (DeFi), tokenized stocks and the Commodity Futures Trading Commission’s (CFTC) authority to regulate crypto markets, he said.
Source: Brian Armstrong
The comments and pending increase in the law follow months of back-to-back negotiations between the banking sector and the crypto industry over the law, which stalled in January 2025 after crypto industry players, led by Coinbase, rejected initial draft.
Related: The latest version of the draft law on the structure of the crypto market is raising eyebrows ahead of the Senate margin
About 20% of the US population owns cryptocurrencies, according to industry advocacy groups
About one in five Americans, or 20%, owns a cryptocurrency, according to the National Cryptocurrency Association’s State of Cryptocurrency Owners 2025 report, which surveyed 54,000 US residents.
The survey found that about 67% of cryptocurrency owners in the US are under the age of 45, while about 15% are over the age of 55.
Demographic analysis of crypto users in the United States. Source: National Cryptocurrency Association
The top-ranked use case for cryptocurrency was as an investment, with 52% of holders indicating they use the digital asset to “invest in their financial future,” according to the survey.
HarrisX poll conducted earlier this month also found that 52% of the 2,008 registered US voters surveyed support passing the CLARITY Act into law, while only 11% oppose it.
