TSX:5401 7 December 2025

May 13, 2026, 3:14 PM EDT. Coinbase CEO Brian Armstrong said the Clarity Act, a major cryptocurrency bill advancing in the Senate, could reshape U.S. financial markets. The proposed legislation aims to clarify regulatory rules for digital assets, including stablecoins, which are cryptocurrencies pegged to stable assets like the U.S. dollar. Armstrong called the bill a "true compromise" between the crypto industry and banks, with measures on stablecoin rewards tied to actual account activity. He highlighted growing institutional adoption as banks integrate stablecoins and digital asset services amidst rising customer demand. Coinbase is also expanding into payments and prediction markets, generating around $100 million in revenue in two months. Armstrong argued the bill and these innovations could make financial systems faster, cheaper, and more efficient for consumers and businesses.