Coinbase CEO calls CLARITY Act's Senate committee passage a historic day

Coinbase CEO Brian Armstrong called today a "historic day" for cryptocurrency and the future of U.S. digital assets after the CLARITY Act passed the Senate Banking Committee in a bipartisan vote. In a post on X, Armstrong said the bill has seen significant improvements since January in areas such as rewards, tokenization, DeFi, and the authority of the CFTC. He added that he is proud of the time spent fighting for customers and looks forward to the bill's final passage, which he believes will firmly establish the U.S. as the global capital for cryptocurrency. As CoinNess previously reported, the bill will now undergo a jurisdictional coordination and integration process with the Senate Agriculture Committee before it can proceed to a full Senate vote.