Coinbase CEO: US lacks federal crypto consumer protections, CLARITY Act crucial

Coinbase CEO Brian Armstrong asserts that the CLARITY Act is ready for a full Senate vote to establish a federal digital asset framework. He emphasizes that the US currently lacks essential federal crypto consumer protections. Meanwhile, the Coinbase-backed advocacy group Stand With Crypto reports that 950,000 supporters have contacted lawmakers, intensifying pressure for legislative action. The initiative aims to secure a comprehensive regulatory structure for digital assets through the passage of the CLARITY Act.