TLDR
- Coinbase CEO Brian Armstrong is confident that the Digital Asset Market Clarity Act will pass soon.
- The crypto bill aims to clarify the roles of agencies like the SEC and CFTC in regulating crypto markets.
- Armstrong highlighted strong bipartisan support for the bill from both Democratic and Republican lawmakers.
- The bill is currently being reviewed and exchanged for public input before moving forward.
- Armstrong emphasized that the crypto industry must be protected from regulatory overreach, citing Gary Gensler as an example.
Coinbase CEO Brian Armstrong is optimistic about the passage of a major crypto bill. He believes the Digital Asset Market Clarity Act has a strong chance of becoming law. The bill, which clarifies regulatory roles for the SEC, CFTC, and other agencies, has gained significant bipartisan support.
Crypto Bill Aims to Define Regulatory Roles
The Digital Asset Market Clarity Act aims to define how various agencies regulate the crypto market. It focuses on tokenized assets, including non-stablecoins like tokenized stocks. Armstrong expressed confidence that this bill would allow the crypto industry to thrive in the U.S.
“Lawmakers from both sides of the aisle are ready to pass this legislation,” Armstrong said. He met with multiple senators to discuss the bill’s provisions. Armstrong also stated that the legislation’s progress is moving swiftly.
I was in DC the last few days working to get MARKET STRUCTURE legislation passed for crypto. This is how we ensure the crypto industry can be built here in America, driving innovation and protecting consumers, and making sure we never have another Gary Gensler trying to take your… pic.twitter.com/UqCH8jCNU8
— Brian Armstrong (@brian_armstrong) September 18, 2025
The bill is currently being reviewed, with drafts exchanged for public input. Armstrong emphasized the importance of getting it right to foster innovation while protecting consumers. “We must ensure that no one, like Gary Gensler, will undermine our rights,” he added.
Bipartisan Support Boosts Crypto Bill’s Momentum
Support for the crypto bill is growing among both Democratic and Republican lawmakers. Armstrong highlighted this bipartisan backing in his recent statement. He is confident that the bill will reach President Trump’s desk by the year’s end, as predicted by Senator Cynthia Lummis.
Several prominent crypto industry figures attended meetings on Capitol Hill this week. Executives from Ripple, Kraken, Circle, and Cardano also participated. These discussions helped shape the bill’s direction, ensuring it benefits the crypto sector.
Kraken CEO Arjun Sethi underscored the importance of supporting crypto products. “The real fight is protecting the right to build and innovate within crypto,” Sethi remarked. This sentiment reflects the shared commitment to securing a robust future for the industry.
Stablecoin Interest Ban Faces Pushback
In addition to the market structure bill, Armstrong noted a recent push against stablecoin regulations. Several banking groups tried to ban interest on stablecoins in the GENIUS Act. Armstrong stated that lawmakers would not allow this move to succeed.
Stablecoins offering yield could disrupt traditional banking models. Banking groups argued that high-yield stablecoins might threaten deposit-based banking systems. However, Armstrong pointed out that previous attempts to regulate stablecoins had failed.
