Coinbase CEO Brian Armstrong and Kraken CEO Arjun Sethi both shared thoughts on X about the upcoming Clarity Act after consulting with US lawmakers from both sides of the aisle.
Clarity Act a “Freight Train Leaving the Station” Says Armstrong
18 September 2025 - 09:49 CEST
Clarity Act
The Digital Asset Market Clarity Act of 2025, or the Clarity Act, aims to establish a system of regulation for digital commodities for the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), especially for non-stablecoin assets. It has passed the House and is now being amended and adjusted in the Senate.
Armstrong bullish, Sethi cautious
Armstrong and Sethi were both in Washington to give input on draft text of the act and came out with slightly different messages. “I’ve actually never been more bullish on the market structure getting passed,” Armstrong said.
“This is how we ensure the crypto industry can be built here in America, driving innovation and protecting consumers,” Armstrong wrote in a post on X. He added in a video that “the Senate is strongly supportive of getting this done, the members I met with on both sides of the aisle are ready to get this legislation passed.”
For his part, Sethi was more reserved with what he shared. “The Clarity Act is a start, but it is just that — a start,” he wrote, adding that “the real fight is bigger: protecting the right to build protocols, chains, memes, tokenized equities, commodities, utilities, etc. and ensuring incentives stay with the builders, not just incumbents.”
The bill will be on President Trump’s desk “before the end of the year,” Senator Cynthia Lummis predicted at the Wyoming Blockchain Symposium earlier this year. Lummis has been a noted public supporter of the bill.
