Coinbase CEO Brian Armstrong has expressed strong optimism about the progress of the Digital Asset Market Clarity Act, describing it as a “freight train” on its way to becoming law.
After a series of meetings in Washington, D.C. this week, Armstrong said bipartisan backing for the bill is stronger than ever. The legislation is designed to clearly define how U.S. regulators—including the SEC and CFTC—oversee digital assets, with a particular focus on tokens beyond stablecoins such as tokenized stocks.
Strong Support in Congress
Armstrong emphasized that senators from both parties are showing willingness to push the legislation forward. “This is how we make sure crypto innovation happens in the U.S.—protecting consumers while avoiding regulatory overreach,” he said, stressing the importance of preventing future conflicts like those seen with SEC Chair Gary Gensler.
He noted that lawmakers are actively refining the draft text and plan to seek industry feedback before moving it ahead. “I’ve never been more confident in this bill’s chances—it’s a freight train leaving the station,” Armstrong commented in a video message.
Broader Industry Participation
Executives from Ripple, Kraken, Circle, Cardano, and major venture firms such as a16z, Paradigm, and Multicoin Capital were also present in discussions. Kraken CEO Arjun Sethi highlighted that the bill must prioritize builders, ensuring incentives remain with innovators rather than only benefiting traditional players.
Senator Cynthia Lummis recently suggested that the bill could reach President Donald Trump’s desk before year’s end.
Stablecoin Debate
Armstrong also pointed out that attempts by banking groups to block yield-bearing stablecoins are unlikely to succeed. He argued that prohibiting interest on stablecoins would stifle innovation and only serve the banking sector’s existing deposit-based model.
Bitcoin Reserve Act in Motion
In parallel, lawmakers held talks with leading Bitcoin advocates, including , to advance the proposed . The initiative envisions the U.S. government accumulating up to over five years through budget-neutral methods, potentially involving gold certificate revaluation and tariff revenues.
