Coinbase CEO Brian Armstrong supports the latest version of the Digital Asset Market Clarity Act (CLARITY) ahead of the U.S. Senate’s markup of the crypto market structure bill on Thursday.
“I don’t think the country has ever been in a stronger or more bipartisan position,” he said of the latest version of the market structure bill.
Armstrong said banking and crypto lobbies have reached a “healthy compromise” on stablecoin performancewhich was one of the main issues that stalled the Market Structure Bill in January. He added:
“I think there was a healthy compromise there, negotiated by Senators Tillis and Alsobrooks. And you know, it was a good compromise because both sides left a little unhappy, but at least we got to a place that we can all live with.”
The latest version of the CLARITY bill also improved provisions regarding decentralized finance (DeFi), tokenized stocks and the power of the Commodity Futures Trading Commission (CFTC) to regulate crypto markets, he said.
Source: Brian Armstrong
The comments and increase in pending invoice follow months of back-and-forth negotiations between the banking sector and the crypto industry over the bill, which blocked in January 2025 after crypto industry players, led by Coinbase, rejected the initial project.
Related: Latest version of crypto market structure bill raises eyebrows ahead of Senate markup
About 20% of the U.S. population owns cryptocurrencies, according to industry advocacy groups.
About one in five Americans, or 20%, own cryptocurrency, according to the National Cryptocurrency Association’s 2025 State of Crypto Holders report, which surveyed 54,000 U.S. residents.
The survey found that around 67% of crypto owners in the United States are under the age of 45, while around 15% are over the age of 55.
A demographic breakdown of crypto users in the United States. Source: National Cryptocurrency Association
The highest-ranked cryptocurrency use case was as an investment, with 52% of holders indicating they use digital assets to “invest in their financial future,” according to the survey.
A HarrisX survey conducted earlier this month also found that 52% of 2,008 registered U.S. voters surveyed supported the passage of the CLARITY Act into law, while only 11% opposed passing the legislation.
