Coinbase CEO Says CLARITY Act 90% Likely as Prediction Markets Rise
Coinbase CEO Brian Armstrong said on Feb. 18 that negotiations over the CLARITY Act have made significant progress and that he now judges the bill’s passage to be about 90% likely. Markets that allow betting on political and policy outcomes have reacted by pricing in higher odds for the legislation, reflecting increased investor confidence that lawmakers are closing gaps in the draft language.
If the CLARITY Act clears Congress, it would be one of the most consequential U.S. efforts to define how crypto is regulated, offering greater legal certainty for exchanges, issuers and institutional investors. For firms like Coinbase and the broader industry, clearer rules could reduce compliance risk and encourage product rollouts, though exact timing and final provisions still depend on remaining negotiations in Congress.