Brian Armstrong has reversed course and is now backing the Digital Asset Market CLARITY Act, saying “it’s time” for Congress to pass the long-delayed legislation. The endorsement came after Armstrong agreed with recent comments from Scott Bessent, who urged lawmakers to move forward with a regulatory framework for digital assets.

The support marks a shift from January, when Armstrong said Coinbase could not back the bill “as written,” leading to delays in the Senate Banking Committee. After months of negotiations between lawmakers, banks, and crypto firms, the updated version is now being described as a stronger compromise addressing issues like tokenized equities, stablecoin yields, and regulatory jurisdiction.

The CLARITY Act aims to define whether digital assets fall under securities or commodities rules, potentially reducing uncertainty for crypto companies operating in the U.S. If passed, the bill could shape how exchanges, token issuers, and institutions operate, and may signal growing political support for crypto-friendly regulation in Washington.#GateLaunchesPreIPOS