Coinbase CEO Brian Armstrong is supporting the latest version of the Digital Asset Market Clarity Act (CLARITY) ahead of the US Senate’s markup of the crypto market structure bill on Thursday.\u00a0<\/p>\n
\u201cI don’t think it’s ever been in a stronger or more bipartisan position,\u201d he said about the latest iteration of the market structure bill.<\/p>\n
Armstrong said that the banking and crypto industry lobbies have reached a \u201chealthy compromise\u201d on stablecoin yield<\/a>, which was one of the main issues that stalled the market structure bill in January. He added:<\/p>\n \u201cI think there was a healthy compromise there, brokered by Senators Tillis and Alsobrooks. And you know, it was a good compromise because both sides left a little bit unhappy, but at least we got to a place that we can all live with.\u201d<\/p><\/blockquote>\n The latest version of the CLARITY bill also improved provisions surrounding decentralized finance (DeFi), tokenized stocks, and the authority of the Commodity Futures Trading Commission (CFTC) to regulate crypto markets, he said.<\/p>\n Source: <\/em>Brian Armstrong<\/em><\/a><\/p>\n The comments and the bill\u2019s pending markup<\/a> follow months of back-and-forth negotiations between the banking sector and the crypto industry over the bill, which stalled in January 2025<\/a> after crypto industry players, led by Coinbase, rejected<\/a> the initial draft.<\/p>\n Related: <\/strong><\/em>Latest version of crypto market structure bill raises eyebrows ahead of Senate markup<\/strong><\/em><\/a><\/p>\n About one in five Americans, or 20%, owns cryptocurrency, according to the National Cryptocurrency Association\u2019s 2025 State of Crypto Holders report, which surveyed 54,000 US residents.<\/p>\n The survey found that about 67% of US crypto owners are below the age of 45, while about 15% are over 55 years old.<\/p>\n A demographic breakdown of crypto users in the United States. Source: National Cryptocurrency Association<\/em><\/p>\n The top-ranked use case for cryptocurrency was as an investment, with 52% of holders indicating that they use digital assets to \u201cinvest in their financial future,\u201d according to the survey.<\/p>\n A HarrisX poll<\/a> conducted earlier this month also found that 52% of the 2,008 registered US voters surveyed supported passing the CLARITY Act<\/a> into law, while just 11% opposed the passage of the legislation.<\/p>\n Magazine: <\/strong><\/em>Will the CLARITY Act be good \u2014 or bad \u2014 for DeFi?<\/strong><\/em><\/a><\/p>\n<\/div>\nAbout 20% of the US population owns crypto, according to industry advocacy groups <\/h2>\n
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