The U.S. Senate Faces a Critical Vote on the Clarity Act on Sept. 15. Coinbase CEO Brian Armstrong Says It Will Pass

The U.S. Senate will vote on cloture for the Clarity Act on September 15, which would end debate and filibuster on crypto legislation. The bill requires 60 votes to pass and would establish regulatory clarity for cryptocurrencies, defining mature blockchains and giving the CFTC exclusive jurisdiction over digital commodities. Coinbase CEO Brian Armstrong is optimistic about passage, though betting odds suggest only 22% confidence it will reach 60 votes. Democrats have expressed concerns about ethics provisions, and banking groups worry stablecoin protections are insufficient.