🔗 Crypto & Blockchain

Coinbase's Armstrong Does a 180 on CLARITY Act—'It's Time' After Bailing Months Ago

Three months after Coinbase ditched the CLARITY Act, CEO Brian Armstrong's suddenly all-in. Coincidence? Or crypto cash finally cracking Capitol Hill?

Brian Armstrong tweet endorsing CLARITY Act with Treasury Secretary nod

⚡ Key Takeaways

  • Coinbase CEO Armstrong reversed course on CLARITY Act after three months, calling it 'time to pass' amid Treasury backing. 𝕏
  • Crypto lobby's $200M election spend yields wins like OCC charters, raising influence questions. 𝕏
  • Bill risks dereg pitfalls like 1999 derivatives act, potentially fueling future crypto bust. 𝕏
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Originally reported by Cointelegraph

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