Coinbase CEO Sees Crypto Bear Market Nearing End, Backs Clarity Act
Coinbase, one of the largest U.S. cryptocurrency exchanges, remains heavily exposed to shifts in trading activity and regulation. Chief Executive Brian Armstrong said the market is approaching a point of historical mean reversion, suggesting the downturn may be losing momentum. A clearer federal framework would reduce compliance uncertainty and could encourage capital and talent to return to the U.S. digital-asset industry.
Armstrong said the crypto bear market is nearing its end and expressed optimism about an upcoming U.S. Senate vote on the Clarity Act, though no specific vote date was provided. Coinbase is also expanding beyond conventional crypto trading into tokenized equities, real-world assets, or RWA, and AI Fi. The broader product mix is intended to strengthen the company’s resilience when cryptocurrency trading volumes and prices weaken.
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The history behind this eventCoinbase CEO Brian Armstrong Shifts to Back CLARITY Act
The Digital Asset Market Clarity Act of 2025 aims to establish a U.S. regulatory framework for digital-asset markets and clarify the boundaries between securities and commodities oversight. Coinbase CEO Brian Armstrong previously opposed the bill over concerns about its yield provisions, contributing to a standoff between the crypto and banking industries and stalling Senate deliberations.
Armstrong has now voiced support for the CLARITY Act and urged the U.S. Congress to seize the opportunity to pass it. The revised language distinguishes “passive yield” from “activity-based rewards” generated through trading, staking and similar activities, seeking to balance banks’ deposit interests with crypto platforms’ rewards businesses. The crypto industry is pushing the U.S. Senate Banking Committee to complete its markup of the bill on Thursday.
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