Armstrong pushes for Senate vote as Galaxy Research puts 2026 passage odds at 30%. Stand With Crypto will score votes, raising pressure on lawmakers.
Coinbase CEO Brian Armstrong pushed for a Senate vote on the CLARITY Act, calling the bipartisan bill a breakthrough that would strengthen consumer protections and expand law enforcement tools. In an X post on July 27, Armstrong urged lawmakers to approve the legislation without further delay, saying the compromise had consumed thousands of hours of staff work.
“The CLARITY Act is at the one-yard line, and it reflects the work from both sides of the aisle,” Armstrong said in the post, which also included a clip from his July 21 CNBC interview. “It’s time to get it over the finish line.”
Senate Republicans released updated text of the bill on July 22, following negotiations between the banking and agriculture committees. The accompanying summary outlines disclosure standards, registration requirements, anti-fraud provisions, and expanded anti-money-laundering obligations for digital asset market participants.
Political pressure has intensified since Stand With Crypto announced it will score CLARITY Act votes. The organization said lawmakers’ positions on the bill will become part of its public scorecard, potentially influencing millions of cryptocurrency voters.
Institutional backing for the legislation has widened. BlackRock, Fidelity Investments, Charles Schwab, and Goldman Sachs CEO David Solomon have all signaled support, urging Congress to approve a federal market structure framework before the available legislative window closes.
Galaxy Research Puts 2026 Passage Odds at 30%
Galaxy Research lowered its estimate for the CLARITY Act becoming law in 2026 to 30% after lawmakers released the final text. The firm cited the narrowing Senate timeline as the primary factor, with election-year scheduling leaving limited floor time for the bill.
Coinbase currently carries an AlphaScala Alpha Score of 35 out of 100, reflecting structural uncertainty around its regulatory outlook. The exchange’s stock, COIN, has been sensitive to legislative developments, with traders watching for any progress or setbacks in the Senate.
Armstrong argued that the status quo, which lacks a federal framework for digital assets, is untenable. “This bill would strengthen power for law enforcement. It would bring new consumer protections, and you have to remember the status quo is that we don’t have any federal laws protecting consumers or helping this industry get built in the United States,” he said in the CNBC interview. “The status quo is not going to work. This bill is a dramatic benefit to the United States of America.”
Galaxy Research’s 30% probability estimate underscores the uncertainty heading into the final months of the legislative session. The next test for the CLARITY Act will be a Senate floor vote, which Armstrong said should happen immediately.
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