Coinbase CEO Brian Armstrong this week called on U.S. senators to pass the CLARITY Act, arguing that one in four Americans now own cryptocurrency and that voters are more likely to support lawmakers who back the legislation. The campaign was intensified on August 3, according to Armstrong.
The one-in-four figure
Armstrong highlighted that 25% of Americans hold crypto, a statistic he used to underscore the growing political weight of the industry. The number, he said, makes crypto a mainstream issue that senators can't ignore. It's a direct appeal to lawmakers who may still see digital assets as a niche concern.
Voter support as leverage
Beyond the raw ownership numbers, Armstrong noted that lawmakers who support the CLARITY Act enjoy stronger backing from voters. The message is clear: taking a stance on crypto regulation could influence election outcomes. For senators in tight races, that argument carries weight.
Why the push now
The intensified campaign on August 3 comes as the Senate debates the bill. Armstrong's direct appeal to senators suggests the industry is betting big on the CLARITY Act as a framework for U.S. crypto policy. The timing isn't accidental — with midterms approaching, crypto is becoming a kitchen-table issue for millions of Americans.
The CLARITY Act remains under consideration. Armstrong's push this week could shape the debate as senators weigh amendments and a potential vote.
