Coinbase CEO: U.S. crypto regulation will advance regardless of whether the Clarity Act is passed.

Coinbase CEO Brian Armstrong stated that the Clarity Act—legislation designed to clarify regulatory jurisdiction over digital assets between the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC)—has secured support from multiple senators and is slated for a Senate vote on September 15. He added that even if the bill fails to pass, the SEC and CFTC have signaled they will move forward with rulemaking, meaning regulatory clarity "will arrive regardless". On the operational front, Coinbase is pushing ahead with a diversified business shift, expanding its trading offerings to include stocks, commodities, and foreign exchange, while its non-trading revenue streams cover stablecoins and institutional custody services. The company reported Q2 revenue of $1.2 billion, down year-over-year, with a net loss of $359.5 million, marking three consecutive quarters of missing market expectations. Year-to-date, Coinbase’s stock price has fallen roughly 23%.