Coinbase’s CEO is driving urgent action behind two landmark crypto bills that promise regulatory clarity, investor protection, and explosive growth for America’s digital asset future.
Coinbase Urges Legislative Action on 2 Crypto Bills: ’52 Million American Crypto Owners Are Counting on It’
Cryptocurrency exchange Coinbase (Nasdaq: COIN) renewed its call for Congress to establish clear regulatory oversight of digital assets, urging lawmakers to enact two key pieces of legislation. CEO Brian Armstrong stressed the urgency of regulatory clarity on social media platform X on June 12, stating:
The Cryptocurrency Legal Clarity Act of 2023 (CLARITY Act) is advancing through the U.S. House, aiming to define regulatory roles for the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets. It includes the Blockchain Regulatory Certainty Act, exempting developers of noncustodial blockchain tools from being labeled as financial institutions.