Summary
- Brian Armstrong, Coinbase CEO, said he expects the U.S. Congress's CLARITY bill to be introduced next month.
- Armstrong said the bill would clarify rules for the virtual-asset industry and benefit companies, customers, and developers.
- He mentioned positive progress on market-structure legislation and said he hopes the bill will soon reach the president's desk.
Brian Armstrong, Coinbase CEO, said he expects the 'CLARITY' bill, a U.S. congressional market-structure bill for virtual assets (cryptocurrency), to be introduced next month.
According to virtual-asset specialist media Odaily on the 19th, Armstrong said on X (formerly Twitter) that 'we are continuing to push legislation related to market structure in Washington,' and 'there has been positive progress since the last visit.' He said, 'I hope the CLARITY bill's markup (submission and deliberation) will take place in December, and I expect it to go to the president's desk immediately afterward.'
Armstrong emphasized that the bill would serve as an opportunity to clarify rules for the virtual-asset industry in the United States. He explained, 'This bill will open up the U.S. cryptocurrency industry more, help companies, protect customers, and promote developer activity.' He added, 'Let's keep pushing!'
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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