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Coinbase Backs Trump Administration's Crypto CLARITY Push

CEO Brian Armstrong is now publicly supporting the bill after Treasury Secretary Scott Bessent called for faster crypto regulation.

Apr 10, 2026 • 1 min read

Coinbase CEO Brian Armstrong is now voicing public support for the CLARITY Act, despite having previously opposed the bill.

What's the Scoop?

Change of Heart: Coinbase CEO Brian Armstrong is now publicly endorsing the CLARITY Act, aligning with Treasury Secretary Scott Bessent’s recent rallying cry for faster crypto regulation. Coinbase had previously withheld its support from the legislation due to concerns around stablecoin provisions and expanded SEC oversight, which remain outstanding.
Building Momentum: U.S. agencies are already actively developing regulations for crypto assets without the assistance of CLARITY. Banking system regulators have proposed new rulemaking for stablecoins under the GENIUS Act, meanwhile, the SEC and CFTC continue to define how federal securities and commodities laws apply to digital assets.

We agree. Thank you @SecScottBessent for saying it. It's time to pass the Clarity Act.

Grateful for all the bipartisan work among Senators and staff over the past several months to make this a strong bill. https://t.co/jHoZ1bfLVZ pic.twitter.com/YBKebDkq8B
— Brian Armstrong (@brian_armstrong) April 10, 2026

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