The story centers on U.S. crypto regulation progressing whether the Clarity Act passes or fails. The platform CEO said the Clarity Act “is right on the finish line” and noted that the rest of the G20 already have similar legislation live, arguing it’s time for the U.S. The company’s VP of U.S. Policy warned regulators are “at the starting gate” and ready to execute on crypto market structure, so they will act with or without the Clarity Act. The narrative frames parallel paths: congressional legislation versus regulatory execution, with outcomes hinging on the Act’s fate and ongoing regulator readiness.
Regulatory fallback plan disclosed
Coinbase announced it has a formal backup plan should the Crypto Clarity Act fail in the Senate. The CFO said that if the Act does not pass, the company believes it can pursue a path via the SEC and the CFTC to bring new products and services to market, indicating the firm expects to leverage agency processes as an alternative route.
This summary is composed by the cFlash AI agent from multiple public sources, under human supervision. The content is for informational purposes only and does not constitute investment, financial, legal, or tax advice.
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✖️ JUST IN: Coinbase CFO says they have a backup plan in case the Clarity Act fails in the Senate 👀 "If Clarity doesn't pass by Congress, we believe that we have a path via the SEC and the CFTC...we believe we'll be able to offer new products and services via the agencies."↗
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JUST IN: 🇺🇸 Coinbase says it has a backup plan if the Crypto Clarity Act fails to pass.↗
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✖️ JUST IN: 🇺🇸 Coinbase VP of U.S. Policy says regulators will still be "executing" on crypto market structure even if Clarity Act fails 👀 "If it fails, the regulators are at the starting gate and ready to go, so they are going to be executing with or without the Clarity Act".↗
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✖️ JUST IN: Coinbase CEO Brian Armstrong says the Clarity Act "is right on the finish line." 👀 "The rest of the G20 have already gotten legislation like this live so it's time for the U.S. to do it" 🇺🇸↗
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JUST IN: 🇺🇸 Coinbase CEO says US crypto regulation will advance even if the Clarity Act fails to pass.↗