Coinbase CEO Brian Armstrong cited voter polls showing 70% of Americans want crypto rules as the Senate prepares to vote on the CLARITY Act. He called the bill a "win for the future of America as a global leader."
Brian Armstrong is making the political case for the CLARITY Act in public, and he is doing it with numbers that target swing voters and undecided senators.
The Coinbase CEO posted a series of messages on X on Tuesday pointing to polling that he said shows broad American support for the legislation. He wrote that roughly one in four U.S. adults own cryptocurrency, with more than half of those holders under 45 years old. Voters are twice as likely to back a candidate who supports the CLARITY Act than one who opposes it, he added, citing survey data.
“CLARITY isn’t only a win for crypto users,” Armstrong wrote. “It’s a win for the future of America as a global leader for finance, innovation, and national security.”
He also cited a separate poll showing that 82% of Americans believe the financial system needs an update, and that 70% think the U.S. should already have clear crypto rules. Armstrong said the legislation is the product of bipartisan negotiations running several years and would tighten consumer protections while giving law enforcement more explicit authority to police illicit transactions.
The bill also includes a provision that would let banks offer stablecoin and other crypto services. Armstrong framed that as an onshoring measure: businesses would stay inside U.S. oversight rather than moving to friendlier jurisdictions.
“This week we get to see who in the Senate represents the will of the people,” he said. “And will step up to vote YES on this commonsense legislation.”
John E. Deaton, a former U.S. Senate candidate and crypto attorney, backed Armstrong’s call and pushed back on criticism that tied the bill to President Donald Trump’s personal crypto holdings. Trump reported about $1.4 billion in crypto-related gains, a figure critics have pointed to as a conflict of interest.
“The ‘But Trump is corrupt’ objection to CLARITY is just plain dumb,” Deaton wrote on X. “The reason President Trump was able to make $1.4 billion on crypto is because there was no clarity. To not provide it now is nonsense.”
The Senate is expected to hold a vote on the CLARITY Act in the coming days. Armstrong and the Coinbase government-relations team have been running an advertising campaign alongside the social-media push. The company has argued that the bill would unlock institutional capital that has stayed on the sidelines because of legal uncertainty.
Coinbase shares traded near $225 on Tuesday, down about 7% from a month ago. The stock is up roughly 18% year-to-date, trailing the broader market's advance.
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