Coinbase has again declined to endorse the updated draft of the Digital Asset Market Clarity Act (CLARITY Act), the House-passed legislation designed to partition regulatory authority over digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The exchange’s continued opposition, most recently articulated by Chief Executive Brian Armstrong on X, comes as Senate negotiators attempt to reconcile a 278-page Banking Committee draft with competing industry priorities and White House timelines.
The refusal marks the second time Coinbase has withheld institutional support from a major legislative revision to the CLARITY Act, and it has already produced measurable legislative friction — the Senate Banking Committee postponed a scheduled markup within hours of Armstrong’s January 14, 2026, post.
We suspect the exchange’s repeated objections reflect a structural calculation rather than tactical posturing: the
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