Coinbase CEO Brian Armstrong gets behind CLARITY Act ahead of Thursday markup

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Coinbase CEO Brian Armstrong gets behind CLARITY Act ahead of Thursday markup

60-second summary

Coinbase CEO Brian Armstrong is supporting the CLARITY Act, a bill aimed at facilitating crypto transactions with banks, stating it's "closer than ever" to advancing in the US Congress after months of negotiations. Industry stakeholders have reportedly reached a consensus, increasing optimism about the bill's chances of passing, potentially easing banking restrictions for crypto companies.

Armstrong said the bill is "closer than ever" to advancing in the US Congress after months of negotiations between the crypto industry and banks.