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      Coinbase CEO Confident in CLARITY Act Passage and Bitcoin Market Recovery

      Brian Armstrong, CEO of Coinbase, expressed optimism regarding the upcoming Senate vote on the CLARITY Act, scheduled for September 15, during an interview at the Global Fintech Fest in Mumbai, India. He noted that the bill has garnered support from banks, law enforcement, and cryptocurrency companies, and he believes its passage would provide essential regulatory clarity for the industry. Armstrong emphasized that even if the vote does not succeed, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are prepared to issue rulemaking, ensuring that clarity will be achieved soon.

      Armstrong also shared his perspective on Bitcoin, stating that he believes the cryptocurrency has reached its cycle bottom. He anticipates a positive trend for Bitcoin in the coming year or two, particularly as the next halving event approaches. He highlighted the broader growth of the cryptocurrency market, noting significant increases in stablecoin payments and prediction markets on the Coinbase platform.

      In terms of Coinbase's business strategy, Armstrong revealed that approximately half of the company's revenue is derived from trading, which has decreased over the past year. To adapt, Coinbase is diversifying its offerings to include stocks, commodities, and foreign exchange. He also projected substantial growth in the stablecoin market, estimating it could expand from $300 billion today to $3 trillion by 2030. Armstrong's insights reflect a strategic pivot for Coinbase as it seeks to navigate the evolving landscape of digital finance.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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