Crypto wins regardless of Clarity Act vote, Coinbase's Armstrong says

"If it passes, great, we've got legislation," Armstrong said in a CNBC interview Wednesday. "Frankly, if it doesn't pass, it's also going to be a good outcome because the SEC and the CFTC have said that they're ready to publish rulemaking, and we're going to get regulatory clarity one way or another on the 15th or the day or two after."

The Digital Asset Market Clarity Act is a major U.S. bill to end regulatory confusion by officially dividing crypto oversight between the Securities and Exchange Commission (for tokens that are securities) and the CFTC (for decentralized commodities like bitcoin). It aims to create a formal federal rulebook for crypto exchanges, brokers, and stablecoins, providing a clear legal framework, which, as per industry insiders, is likely to accelerate institutional adoption of digital assets.

Armstrong said the bill carries broad support heading into the vote.