Brian Armstrong is back in Washington. The Coinbase CEO returned to Capitol Hill pushing for the CLARITY Act to cross the finish line, and crypto commentator JackTheRippler (@RippleXrpie) shared the video of his update with the XRP community. Armstrong said the bill is “at the one-yard line” and that there is “a lot of bipartisan support to get this done.”
Renewed Support for the CLARITY Act
Armstrong’s presence in Washington is notable given his history with the legislation. In January, he pulled Coinbase’s support hours before a Senate Banking Committee markup, stating the bill was “materially worse than the current regulatory status quo.”
He rejected a revised version again in March over the same core issue of stablecoin yield restrictions. The withdrawals fractured the industry and forced the Senate Banking Committee to delay its scheduled vote.
The turning point came in April. A stablecoin yield compromise in May, negotiated by Senators Thom Tillis and Angela Alsobrooks, brought Coinbase fully back on board.
💥NEW: 🇺🇸 The CLARITY ACT momentum is growing.
CEO of Coinbase Brian Armstrong: "There is a lot of bipartisan support to get this done [CLARITY ACT]."🔥 pic.twitter.com/t0QOH7Sqrc
— JackTheRippler ©️ (@RippleXrpie) July 26, 2026
Where the Bill Stands
The CLARITY Act cleared the Senate Banking Committee in May 2026. It sits on the Senate Legislative Calendar and is eligible for a full Senate floor vote. Senate Majority Leader John Thune confirmed he will bring it to the floor before the August 8 recess, whether or not it has the votes to pass.
The bill currently holds 51 confirmed or likely yes votes. It needs 60. Republican support is largely unified. 9 Democratic votes from a pool of 33 uncommitted senators are needed to reach the threshold.
The Midterm Factor
Armstrong made the political stakes explicit. “We’re just 100 days out from the midterm,” he said, urging supporters to keep the pressure on lawmakers. Analysts have consistently identified the pre-recess window as the last realistic opportunity for passage in 2026.
A failure to pass before August 8 shifts the legislative calendar toward midterm campaigning, and a less favorable Senate composition could follow November’s elections. Senator Cynthia Lummis believes missing the current window could push the bill to 2030.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Industry Momentum Builds
Stand With Crypto members have sent 880,000 contacts to U.S. lawmakers. Armstrong credited them directly, saying they have been showing up in force and that it is making a difference.
The bill, if passed, would establish a federal regulatory framework defining when digital assets fall under SEC or CFTC jurisdiction. It would write commodity classifications for assets like XRP into federal statute, replacing interpretive agency releases that a future administration could reverse. Armstrong closed with a clear message: “Let’s get over to the finish line.”
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
