Summary
- Coinbase Chief Executive Officer Brian Armstrong said the crypto market structure bill, the CLARITY Act, is closer than ever.
- Armstrong said the CLARITY Act would help Americans by making the US financial system faster, cheaper and more accessible.
- The Senate Banking Committee is scheduled to hold a markup of the CLARITY Act on May 14, and Armstrong plans to meet with Republican senators.
Forecast Trend Report by Period
Coinbase Chief Executive Officer Brian Armstrong said the CLARITY Act, a US crypto market structure bill, is closer than ever.
Armstrong made the comment in a post on X on May 13. He wrote that the CLARITY Act would make the US financial system faster, cheaper and more accessible, benefiting Americans. The bill would also help the US secure the upper hand in the global race to build the next generation of financial infrastructure, he said.
The Senate Banking Committee plans to hold a markup of the CLARITY Act at 11:30 p.m. Korea time on May 14. A markup is the stage at which a congressional committee conducts its final review of a bill before sending it to the full chamber.
Armstrong is also known to be planning to meet with Republican senators ahead of the committee's markup of the CLARITY Act.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
