Coinbase CEO Brian Armstrong is pressing Congress to pass the CLARITY Act within the next seven days, before lawmakers leave for recess. The push comes as Securities and Exchange Commission Chair Paul Atkins is preparing an alternative regulatory plan.
Armstrong's Seven-Day Ultimatum
Armstrong's call sets a tight deadline. Congress is expected to recess soon, leaving a narrow window for the bill to advance. The CLARITY Act has been a key priority for Coinbase, which has long argued for clearer rules governing digital assets. Armstrong's public pressure aims to rally support before lawmakers leave Washington.
Atkins' Alternative Plan
While Armstrong focuses on legislation, SEC Chair Paul Atkins is working on a separate regulatory approach. The details of Atkins' plan remain under wraps, but its existence suggests a potential fork in the road for crypto regulation. Whether the SEC's alternative would complement or compete with the CLARITY Act is unclear.
The dual tracks — legislative and regulatory — highlight the ongoing debate over how best to oversee the digital asset space. Armstrong's urgency reflects a belief that time is running out for Congress to act before the recess.
Neither Coinbase nor the SEC has commented further on the timeline or specifics of the plans.
