CLARITY Act: CZ and Brian Armstrong Say Crypto Progress Will Continue

Crypto industry development is expected to continue despite the US Senate’s failure to advance the CLARITY Act, according to comments reported by Coinpedia. Changpeng Zhao, Binance’s co-founder, said the legislative setback would not halt technological progress in the sector. Brian Armstrong, Coinbase’s chief executive, described the Senate outcome as disappointing but said the Securities and Exchange Commission and the Commodity Futures Trading Commission could still establish clearer cryptocurrency rules using their existing authority. Armstrong also referred to the GENIUS Act, although the available report did not provide further details about his remarks on that legislation. The comments come as market participants continue to monitor US efforts to clarify the regulatory framework for digital assets.