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CLARITY Act · US Senate · Coinbase · SEC ·

In the Senate, Republicans hold 53 seats, so Majority Leader John Thune needs at least seven Democratic votes to clear

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Image source: X.

A failed cloture vote would not necessarily kill the CLARITY Act outright, but it would deal a serious blow to hopes of passage this year.

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Coinbase CEO Brian Armstrong says regulatory clarity for crypto is coming no matter what happens next, either a Senate vote on September 15 or new federal rules the following day. Coinbase CEO Brian Armstrong reminded his followers that a Senate cloture vote on the CLARITY Act needs 60 votes on September 15. CFTC Chairman Mike Selig has planned new crypto rules by September 16 if the bill stalls again. Armstrong also expects bitcoin near $300,000 to $400,000 by 2030 as regulatory clarity firms up. Brian Armstrong, the chief executive of Coinbase, took to X with a message aimed at calming nerves ahead of next month’s crypto legislation showdown.

#US Senate #CLARITY Act #Coinbase #SEC