The Senate failed to advance the legislation in a September 15 procedural vote, with 49 votes in favor and 50 against.

In his tweet, Armstrong said the result was disappointing but left open the possibility to continue bipartisan negotiations. However, he said the industry could no longer wait for Congress to establish its regulatory framework.

“The SEC and CFTC have the tools they need to create clear rules under existing authority,” Armstrong wrote, adding that he expects both agencies to begin working on the issue in earnest. He concluded that “clarity is coming to crypto regardless.”

The CLARITY Act didn't advance in the Senate today, which was a disappointment. While it's possible bi-partisan conversations continue and it lives to fight another day, we can't wait on Congress anymore.

The SEC and CFTC have the tools they need to create clear rules under…

— Brian Armstrong (@brian_armstrong) September 15, 2026

The comments reflect a position Armstrong had also expressed before the Senate vote. Earlier in September, he said that if Congress failed to pass the legislation, the Securities and Exchange Commission and Commodity Futures Trading Commission could still use their existing authority to establish rules for the industry.

Armstrong Points To GENIUS Act

Armstrong also pointed to the GENIUS Act, which established a federal framework for stablecoins, as an existing piece of crypto legislation. He noted that the law is already in effect and described its treatment of rewards as more permissive than provisions that had been under consideration in CLARITY.

He added that Coinbase had accepted concessions during negotiations over the CLARITY Act that were difficult for the company. Armstrong suggested that the bill’s failure could therefore have a positive side for the industry if regulators create rules without some of those compromises.

“Crypto can’t be uninvented,” Armstrong wrote. “With clarity emerging through the regulators, we’ll continue updating the financial system.”

Critics Blame Coinbase For Legislative Outcome

Armstrong’s comments also drew criticism from members of the XRP and broader crypto communities. XRPL validator Vet said the industry previously had legislation sufficient for crypto innovation in the United States.

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When Documenting XRP similarly claimed that Armstrong was part of the problem, 2dM26 wrote that Coinbase was responsible for the industry’s present position because “the first round wasn’t good enough for you.”

Those comments reflect criticism of Coinbase’s legislative strategy and its earlier objections to provisions in versions of crypto market-structure legislation. Coinbase opposed earlier versions of CLARITY over issues including stablecoin rewards before later supporting a revised version.

The Senate setback now leaves the immediate path toward comprehensive market-structure legislation uncertain. Armstrong said that SEC and CFTC rulemaking could provide an alternative route, while critics maintain that congressional legislation would have provided a more durable framework for the industry.

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.

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His comments come just days before September 15, when senators are expected to vote on whether to advance the legislation, making his assessment particularly relevant to the market and the broader digital asset industry.

In a tweet, Altcoin Daily posted footage from Armstrong’s appearance on CNBC, where the Coinbase CEO discussed the Clarity Act and the prospects for regulatory clarity in the United States. The interview aired Thursday, September 10, 2026, during CNBC’s Squawk Box Asia, live from Singapore.

Armstrong said he believes the Clarity Act is ready for a “yes vote” and claimed that the senators he has spoken with are supportive of the legislation. He also emphasized the bipartisan work that went into the bill, saying that there had been hundreds of pages of input from both sides.

According to Armstrong, several groups important to the digital asset industry have also moved behind the legislation.

"I think the Clarity Act is ready to get a YES vote!"

"Frankly, if it doesn't pass, it's (also) going to be a good outcome."

"We're going to get regulatory clarity one way or another, (either) on the 15th or a day or two after."

Coinbase CEO Brian Armstrong on CNBC: pic.twitter.com/oPsOgq8uRH

— Altcoin Daily (@AltcoinDaily) September 11, 2026

Armstrong Says Major Groups Support the Bill

Armstrong said law enforcement groups, many banks, and crypto companies are now behind the Clarity Act. He described the bill as an effort to establish a clear regulatory framework that would protect American consumers while allowing the United States to remain competitive in blockchain and digital asset development.

The Coinbase CEO also noted that his company had previously raised concerns about the legislation. He said the issues Coinbase considered essential have now been resolved.

Armstrong presented this as a reason for his current support, saying Coinbase had been willing to identify problems with earlier versions of the bill but now feels comfortable supporting its current form.

He also linked the legislation to the wider global development of blockchain technology, saying other G20 countries and nations around the world are continuing to build within the sector.

September 15 Becomes a Key Date

Armstrong then turned to the upcoming Senate vote, saying the industry will know on September 15 whether the bill can secure the 60 votes required to advance.

Importantly, one commenter, Naval Orphan, cautioned that September 15 should not necessarily be described as the final vote on the Clarity Act. He said the Senate is expected to consider whether to advance H.R. 3633, after which the legislation could still face debate, amendments, final passage and possible House action.

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Armstrong also offered an alternative outcome if the legislation does not advance. He said the SEC and CFTC have indicated that they are prepared to publish rulemaking, meaning he expects regulatory clarity to come either through legislation or agency action.

Other reactions to the video reflected differing expectations. Raid Arena suggested that clearer rules could have a significant effect after years of regulatory uncertainty, while Fabian.x expressed opposition to the bill and said Democrats remain prepared to resist its passage.

For Armstrong, however, the central message remained consistent. Whether through the Clarity Act or regulatory action from the SEC and CFTC, he expects the United States to move closer to greater cryptocurrency regulatory clarity around September 15 or shortly afterward.

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.

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Armstrong identified Goldman Sachs, Citi, BNY, Fidelity, and BlackRock as institutions that have publicly endorsed the legislation. He called the bill very good for banks.

He said most banks recognize it gives them new tools to grow their business using blockchain technology. However, the financial industry is not a monolith on this issue.

TODAY: Coinbase CEO Brian Armstrong says that there are banks that are still against the Clarity Act because they “don’t want competition from crypto companies.” pic.twitter.com/a7LDzeg8Mv

— Cointelegraph (@Cointelegraph) August 31, 2026

A Small Group Holding Out

Armstrong acknowledged that some banks remain opposed. He did not soften his assessment of why. “They don’t want competition from crypto companies,” he said. “They don’t want to have to pay higher rates to their customers.”

Companies like Ripple faced backlash from banks for pursuing a banking charter. This video shows that those banks don’t want to compete. Armstrong’s remarks put a direct label on the resistance. It is not about protecting consumers or managing systemic risk. According to the CEO, it is about protecting market position.

He invoked free market competition as the standard against which that behavior should be judged. “Competition is what made America great,” he said. Armstrong expressed confidence that the Senate will not accommodate that kind of protectionism.

Where the Bill Stands

The CLARITY Act cleared the Senate Banking Committee in May. It has sat on the Senate calendar since then without a floor vote. Senate Majority Leader John Thune filed cloture before the August recess. The procedural vote is now scheduled for September 15, when the Senate returns.

The bill needs 60 votes to advance past that cloture threshold. That number requires bipartisan support. Senator Tim Scott has stated publicly that the bill will become law.

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The Stakes for September

Armstrong’s comments arrive at a critical moment. The September 15 vote is the next concrete test of whether the bill has enough support to move forward. Senator Lummis has publicly pushed back against the assertion that Wall Street broadly opposes the bill, and revealed the support of major institutions. Armstrong’s remarks reinforce that position.

The banking opposition Armstrong described does not represent the industry consensus. It represents a minority pushing against legislation that most major institutions have already accepted. Armstrong made clear he expects the Senate to recognize that distinction. The September 15 vote will show whether that expectation holds.

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.

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Armstrong made the remarks during the White House Crypto Summit, where President Donald Trump hosted executives from Ripple, Coinbase, Chainlink, Gemini, and others alongside SEC Chair Paul Atkins and CFTC Chair Michael Selig.

Crypto news platform CryptosRus (@CryptosR_Us) shared a video of Armstrong’s remarks from inside the meeting. The clip circulated quickly across the XRP and broader crypto community.

JUST IN: Coinbase CEO Brian Armstrong says the September 15 CLARITY Act vote is “what’s most important next” for crypto.

Passing the bill would make the crypto legislation “durable into the future” and help it survive “for decades and decades to come.” pic.twitter.com/FtsFW9i5Ry

— CryptosRus (@CryptosR_Us) August 19, 2026

Armstrong’s Message at the Summit

Armstrong kept his message focused. “What’s most important next, of course, is this September 15 vote that we have with the CLARITY Act,” he said. He argued that passing the bill would make the progress the Trump administration has achieved in crypto “durable into the future,” adding it could “survive for decades and decades to come.”

He also addressed the opposition. Some large banks, he said, do not want the competition that crypto companies would bring. Others in the banking sector have endorsed the bill, which Armstrong called “really powerful.” He concluded that “if we all come together, I think we can get this bill over the finish line and hopefully get more than 60 votes come September 15.”

Trump responded by emphasizing the bill’s bipartisan character. “It’s very bipartisan,” he said. Armstrong agreed, noting that Democrats have contributed hundreds of pages of changes to the legislation.

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The Bill and the Path Forward

The CLARITY Act aims to resolve a long-standing question in U.S. crypto regulation: which assets fall under SEC jurisdiction and which fall under the CFTC. The Senate Banking Committee advanced it in May 2026. It then stalled over disputes about stablecoin yield rules, ethics provisions, and anti-money-laundering requirements.

The September 15 procedural vote requires 60 votes. Ripple CEO Brad Garlinghouse was in the room as Armstrong spoke. Ripple has been one of the most prominent companies pushing for regulatory clarity in the U.S., largely because of XRP’s legal status and the company’s years-long battle with the SEC.

The CLARITY Act would establish a clear framework for determining whether a digital asset is a security or a commodity. XRP already has clarity, but that would extend to the broader industry and open institutional pathways for adoption.

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.

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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.

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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.

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A post by STEPH IS CRYPTO on X highlighted this development. Steph referenced a February 18 tweet by Brian Armstrong, Co-founder and CEO of Coinbase, announcing that users can now instantly borrow USDC against XRP holdings. The announcement also included BTC, ETH, ADA, DOGE, and LTC, reflecting Coinbase’s expansion of its crypto-backed loan offerings.

XRP Steps Into a Collateral Role

Using XRP as collateral allows holders to unlock liquidity without selling their assets. This change enables users to maintain exposure to potential price appreciation while accessing USDC instantly for trading, investing, or other financial needs.

Steph notes that this move positions XRP as a bridge between decentralized assets and traditional financial frameworks, integrating digital currency into regulated systems without compromising self-custody principles.

HUGE: Brian Armstrong says you can now instantly borrow USDC against your $XRP.

Your XRP is becoming collateral inside the U.S. financial system! pic.twitter.com/74FVBeSqvd

— STEPH IS CRYPTO (@Steph_iscrypto) February 26, 2026

By accepting XRP as collateral, Coinbase signals confidence in the token’s liquidity, market stability, and operational reliability. This development could encourage wider adoption among both retail and institutional users who have previously hesitated to leverage XRP due to perceived risk or lack of formal financial use cases.

Expanding the Crypto Lending Ecosystem

Coinbase’s integration of XRP into its lending platform represents a broader trend of crypto mainstreaming. By offering collateralized loans across multiple assets, the platform increases financial flexibility for holders while demonstrating how cryptocurrencies can serve functional roles beyond speculative trading.

Steph emphasizes that this expansion strengthens XRP’s utility and supports its growing adoption within regulated markets.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Market and Strategic Implications

The ability to borrow against XRP could influence market behavior. Increased lending activity may raise XRP circulation within centralized and decentralized finance ecosystems, while also positioning the token as a viable asset for institutional liquidity management. Users now gain practical ways to leverage XRP for yield, credit, or capital efficiency, which could contribute to long-term market maturation.

Steph concludes that this development marks a significant step in XRP’s evolution. By enabling collateralized borrowing within a regulated U.S. platform, Coinbase transforms XRP from a speculative holding into a functional financial tool. As crypto-backed lending continues to expand, XRP’s role within both traditional finance and the broader digital asset ecosystem is poised to grow substantially.

This integration reflects a maturing market where cryptocurrencies like XRP are increasingly recognized for their utility, stability, and capacity to support real-world financial activity.

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 urged to do in-depth 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.

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Coinbase CEO Brian Armstrong recently echoed the bold prediction that Bitcoin may climb to $1 million per coin within the next 5 years.

I think we'll see $1M per bitcoin by 2030.

Regulatory clarity is finally emerging, the US government is keeping a BTC reserve, there's a growing interest for crypto ETFs, among many other factors.

(Not financial advice of course, it's impossible to guarantee) pic.twitter.com/w5EfcYFvVp

— Brian Armstrong (@brian_armstrong) August 20, 2025

His outlook aligns with other prominent voices, including Robert Kiyosaki and Jack Dorsey, who see Bitcoin gaining global acceptance at an unprecedented scale.

Armstrong’s position is based partly on increasing government and institutional interest. He pointed to the United States’ initiative to establish a strategic Bitcoin reserve and suggested that other G20 nations could eventually adopt similar measures.

If this trend develops, demand from sovereign states and large institutions could become a major driver of Bitcoin’s sustained growth.

Currently, Bitcoin holds a market capitalization of approximately $2.3 trillion, surpassing both silver and major corporations such as Meta. Ethereum follows with around $570 billion, while XRP stands at about $182 billion.

Together, these figures form part of a global cryptocurrency market valued at $4 trillion, with Bitcoin maintaining a dominance of roughly 58%. Should Bitcoin hit $21 trillion, the entire cryptocurrency market could expand to $36 trillion.

Estimating XRP’s Value in a $36 Trillion Market

Projecting XRP’s future price under this scenario involves several assumptions. One straightforward approach is proportional growth. If Bitcoin grows from $110,750 to $1 million, a 764% increase, XRP could hypothetically rise by the same percentage.

Based on its current price of $2.82, this would place XRP around $26, with a market capitalization of roughly $1.57 trillion. Under the same framework, Ethereum could reach over $43,000 per token with a $5.2 trillion valuation.

Can XRP Outperform Bitcoin?

Some analysts argue that XRP could exceed these conservative estimates. Historical performance provides part of the reasoning. In the past year, XRP appreciated by over 400%, while Bitcoin advanced by less than 90% during the same period.

If this pattern of outperformance persists, XRP could deliver several times Bitcoin’s growth. In an extreme scenario, this would push XRP’s valuation above $100 and lift its total market cap close to $6 trillion. Nonetheless, such outcomes remain speculative.

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AI-Driven Forecasts

Artificial intelligence platforms have also offered their perspectives. OpenAI’s ChatGPT suggested XRP might trade between $20 and $35 if Bitcoin hits $1 million, though more optimistic cases point to $35–$68 or even higher.

Google’s Gemini placed XRP’s potential range between $8 and $42, while X’s Grok AI estimated $15–$30 as a baseline, with $50–$100 possible under strong institutional adoption and favourable regulatory shifts.

Factors That Could Influence XRP’s Growth

Several developments could provide tangible support for XRP’s expansion. Anticipated XRP exchange-traded funds (ETFs), expected by October, may attract significant capital inflows, with projections of $5 billion in the first month alone, similar to the surge seen in Bitcoin ETFs in 2024.

Ripple’s growing payments network is another key driver. Partnerships with major banks, including BNY, alongside the launch of RLUSD, a stablecoin tied to XRP for transaction fees, are enhancing real-world utility.

Moreover, the adoption of XRP in corporate treasuries has gained momentum. As of June, eight companies across industries, including technology, energy, pharmaceuticals, and cannabis, had collectively allocated nearly $1 billion to XRP holdings.

If Bitcoin achieves a $21 trillion market cap, XRP could realistically trade in the $20–$35 range, with higher values possible under favourable conditions. While projections above $100 remain highly speculative, factors such as institutional adoption, ETF launches, and Ripple’s expanding ecosystem could strengthen XRP’s long-term position.

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The notification directed him to the Coinbase support page for assistance, but according to Eddequiouaq, the instructions on the support page looped him back to the initial restriction message, leaving him without resolution.

out of the blue, @coinbase restricting my account

(1) restriction instructions: please visit support page

(2) support page: please follow restriction instructions

worst customer support experience pic.twitter.com/RUvuNbQkHm

— Nass Eddequiouaq (@nassyweazy) November 28, 2024

Growing Frustration in the Community

Other users quickly echoed their grievances with Coinbase and similar platforms. One user commented about Coinbase misdirecting him to contact Solana customer service for a problem within Coinbase’s jurisdiction, calling the experience “utter madness.”

Another shared an issue with Kraken, a competing exchange, where his account was abruptly closed. Despite assurances of compliance, including keeping information updated over three years, he was informed that the reason for closure could not be disclosed for privacy reasons.

He speculated the scrutiny might stem from using a Ukrainian passport for Know Your Customer (KYC) processes, despite living outside Ukraine for over 15 years.

Eddequiouaq responded to this user, highlighting that regulated centralized exchanges (CEX) like Coinbase and Kraken might only withhold such information if money laundering, terrorism financing, or sanctioned activities were involved.

While Centralized Exchanges are a crucial part of the crypto ecosystem and often support struggling assets, problems like these frustrate investors, especially when kept in the dark.

Eddequiouaq was not the only one with complaints about Coinbase. One user shared his inability to speak with Coinbase support even after holding on to the chat line for four hours.

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Coinbase CEO Weighs In

Eddequiouaq’s post drew Coinbase CEO Brian Armstrong’s attention. He apologized for the inconvenience, stating that he would look into it.

Taking a look – apologies

— Brian Armstrong (@brian_armstrong) November 28, 2024

This drew some criticism from community members, as one user revealed that he had faced issues for longer periods but had not gotten a response from Armstrong or a resolution from the exchange.

According to him, Coinbase froze his account in 2020, and it stayed that way for ten months, with no updates provided throughout the ordeal. He vowed never to use the platform again.

Coinbase, like other exchanges, operates within a highly regulated environment, often requiring strict adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) laws.

However, the company’s opaque processes and lack of timely communication have alienated users, especially those whose accounts are restricted or frozen without detailed explanations.

Fred Rispoli, a well-known attorney in the crypto space suggested suing Coinbase, and many others suggested self-custody of keys and digital assets to ensure full control and avoid similar situations.

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 urged to do in-depth 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.

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This sentiment was echoed by Ripple CEO Brad Garlinghouse, who shared Armstrong’s call for a change in the regulatory approach toward digital assets.

Armstrong’s statement reflects mounting frustration within the crypto sector regarding the U.S. Securities and Exchange Commission’s (SEC) perceived inconsistencies and aggressive regulatory actions.

A response from a Twitter user, Timothy of Eugene, captured a common sentiment among some digital asset advocates, suggesting not only an apology but also accountability measures.

He called for serious consequences, including federal penalties for former SEC figures such as Gary Gensler, William Hinman, and Jay Clayton, labeling certain enforcement actions as “wanton” and harmful to businesses and investors. This response underlines the depth of distrust within parts of the digital asset community toward the SEC’s regulatory approach.

Conflicting SEC Statements on Digital Assets

Armstrong’s statement comes amid a backdrop of SEC statements on digital assets that have caused confusion and frustration. In a chart documenting various SEC statements over recent years, the inconsistency in the agency’s position on digital assets is evident. This lack of a clear stance has been cited by stakeholders as a primary factor in their frustration.

Key Issues and Inconsistencies

Is a Digital Asset a Security? The SEC’s position on whether digital assets qualify as securities has shifted over time. In 2018, the agency indicated that a digital asset “all by itself is not a security.” However, by 2021, it described digital assets as potentially embodying or representing an investment contract, suggesting they could indeed be classified as securities. This interpretation was once again altered in 2024, with the SEC first asserting that digital assets could represent an investment contract but then backtracking eight months later, declaring that a digital asset “itself” is not the security. Such discrepancies in classification contribute to the broader uncertainty surrounding SEC enforcement actions.

Is Bitcoin a Security? While the SEC stated in 2023 that it has never claimed Bitcoin to be a security, the agency’s recent commentary has muddied the waters. In 2024, the SEC reportedly provided no definitive answer on Bitcoin’s status as a security, suggesting that the question lacks a straightforward response. Shortly after, however, the agency affirmed that Bitcoin is “not a security.” This evolving position has left market participants unsure of how Bitcoin’s regulatory status might impact similar digital assets.

Can the SEC Regulate Digital Asset Exchanges? The SEC’s authority over digital asset exchanges has been another area of conflicting messaging. In 2021, the SEC acknowledged that there was no designated market regulator for crypto exchanges. By 2022, however, the agency asserted that Congress had provided it with a “broad framework” for regulating exchanges. This shift suggests an expansion in the SEC’s claimed regulatory jurisdiction, further complicating the regulatory landscape for digital asset platforms.

Is Existing Law Clear? The SEC’s stance on the clarity of existing securities law has also vacillated. In 2020, it expressed uncertainty, stating there was “no certainty” regarding whether digital assets were securities. Conversely, by 2023, the SEC claimed that a clear regulatory framework had been built over the past 90 years. This reversal raises questions about the stability and predictability of the SEC’s regulatory guidance, further fueling criticism from the digital asset sector.

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Industry Leaders Call for a New Regulatory Approach

The SEC’s shifting regulatory narrative has led Armstrong, Garlinghouse, and others to call for a reevaluation of the agency’s approach to digital asset regulation. The lack of regulatory clarity has resulted in a series of lawsuits and enforcement actions, often perceived as punitive or arbitrary.

Armstrong’s demand for the SEC to “withdraw all frivolous cases” suggests a growing desire for a regulatory reset, where enforcement would be grounded in consistent, transparent standards.

Garlinghouse, who shared Armstrong’s statement, has a vested interest in this matter, as Ripple has been embroiled in a protracted legal battle with the SEC. Ripple’s case has become emblematic of the broader issues faced by digital asset companies operating under regulatory uncertainty in the United States.

Ripple’s defense has frequently pointed to what it considers arbitrary regulatory actions, arguing that the SEC’s lack of consistent guidance has unfairly penalized the company.

The Path Forward for Digital Asset Regulation

The SEC’s inconsistent stance on digital assets and related issues has underscored the need for a coherent regulatory framework that balances investor protection with innovation.

While the SEC has stated that existing securities laws provide sufficient guidance, recent comments and actions indicate that the agency may lack a consistent framework for categorizing and regulating digital assets.

This inconsistency has led to calls for Congress to step in and establish clear, sector-specific regulations. Whether the SEC will heed this call remains uncertain, but the demand for regulatory clarity and fairness could remain a central issue as the digital asset space grows.

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 urged to do in-depth 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.

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The SEC lawsuit alleges that these tokens, which form a small fraction of the 240 assets available on the platform, are unregistered securities.

Read Also: Charles Hoskinson Announces Ambitious Goal to Onboard 5 Million People to Cardano Lace Wallet

In a recent interview with the financial times, Armstrong described the delisting of Cardano (ADA) and the other tokens as “the worst-case scenario” but downplayed the potential impact of such a move, suggesting that their delisting would not pose a substantial loss of revenue or present an existential crisis for the company.

Armstrong also dismissed the idea that Coinbase could relocate to more crypto-friendly countries amid ongoing regulatory scrutiny in the United States, contrary to recent speculation spurred by the firm’s procurement of a license in Bermuda. He emphasized that Coinbase has no backup plan for relocating its operations and is committed to staying in the country.

The SEC lawsuit is a major setback for Coinbase which has been one of the most vocal supporters of the crypto industry. However, Armstrong’s comments suggest that the company is prepared to weather the storm and continue to operate in the U.S., even if it means delisting some of its most popular tokens.

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Read Also: Top Analyst: Cardano (ADA) To Surge 2500% in the Next Bull Run, $7.8 Will Be Minimum ATH

The Future of Cardano (ADA) and Other Tokens

The future of ADA and the other tokens that are facing delisting is uncertain. However, Armstrong’s comments suggest that they may still be able to trade on other exchanges, even if they are not available on Coinbase.

It is also possible that the SEC lawsuit will be resolved in favor of Coinbase, in which case the tokens would be allowed to remain on the platform. Howbeit, it is too early to say what the ultimate outcome of the case will be.

In the meantime, investors who hold Cardano (ADA) and the other tokens that are facing potential delisting should be aware of the risks involved and should consult with a financial advisor to determine the best course of action.

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The post Coinbase CEO: “worst-case scenario” Cardano (ADA) and 12 Others Will Be Delisted appeared first on Times Tabloid.