Coinbase CEO 回应《华尔街日报》对 CLARITY 法案的指责

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Coinbase CEO Brian Armstrong dismissed the Wall Street Journal's accusation that his dissent helped improve the CLARITY Act. The issue of stablecoin rewards led to differences between Coinbase and banks during crypto legislation negotiations. The Senate's frustration turned the focus to regulators, while Alderoty called on the crypto industry to remain united.

Coinbase CEO Brian Armstrong challenged a planned Wall Street Journal article linking him to the failure of the CLARAITY Act. He said that although he supported the final Senate draft, the newspaper still intended to blame him and Coinbase. His response focused on explaining why he opposed the earlier version and later supported the revised legislation.

The controversy came after a Senate procedural vote on September 15 that stalled the crypto market structure bill. Senators voted 49 - 50 to reject advancing H.R. Bill 3633 is still 11 votes short of the required threshold. The legislation aims to establish a federal framework that clarifies institutional responsibilities for digital asset markets.

Coinbase CEO defends early opposition to CLARITY Act

Armstrong said his objections in January addressed four areas: decentralized finance, tokenization, the authority of the Commodity Futures Trading Commission (CFTC) and stablecoin rewards. He believes that the draft contains provisions that will harm the interests of cryptocurrencies and lacks sufficient support. According to Armstrong, subsequent negotiations resolved all four concerns, and the bill then entered committee consideration about four months later.

Coinbase CEO Brian Armstrong disputes the CLARITY Act| Source: X

He described the intervention as a step towards legislation that he could support. Armstrong said he strongly supports the final Senate draft and will again challenge earlier versions. His statement distinguished his opposition to specific provisions from his stance in support of federal crypto legislation.

Coinbase CEO also accused The Wall Street Journal of repeating the views of the banking industry and following instructions from bank lobbyists. The allegations reflect Armstrong's characterization of the newspaper's reports and articles in its plans. In his post, he insisted that his early objections would help improve the bill.

stablecoin rewards trigger split between Coinbase and banks

Disagreements over stablecoin rewards form part of broader negotiations between Coinbase and the banking industry this year. Coinbase seeks to allow third-party platforms to provide customers with the proceeds of idle stablecoin balances. Banks view these products as similar to regulated banking services.

Meanwhile, Armstrong and Coinbase have been working for years to promote legislation through lobbying in Washington and political campaign spending through FairShake. Despite these efforts, the bill has encountered additional divisions, including proposed ethical limits on government officials 'digital asset profits.

The Senate setback has prompted industry participants to rethink their recent regulatory priorities. Brian Armstrong has since said he believes the legislation is "dead" while viewing regulators as another way forward. Coinbase's CEO specifically pointed to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, seven Democratic senators said bipartisan negotiations would continue after the procedural vote failed.

Regulatory action and industry coordination come into focus

On Thursday, the SEC announced a five-year exemption allowing U.S. exchanges to offer tokenized shares under certain conditions. These conditions include a 30-day notice to the listed company before the transaction begins. Separately, the CFTC approved Kalshi last week to list perpetual contracts linked to precious metals. Coinbase also seeks to offer perpetual contracts linked to other assets, including individual stocks and indices.

Citizens Bank分析师Devin Ryan表示，立法挫折可能会加速近期的加密监管。其他分析师警告称，依赖机构的监管解释容易受到政府更迭的影响。与此同时，Ripple首席法务官Stuart Alderoty呼吁加密公司协调其在华盛顿的信息传递。

在9月17日发布的一篇文章中，他说“本周政治战胜了政策”，并批评了行业内相互竞争的信息。作为由Ripple资助的美国国家加密货币协会（National Cryptocurrency Association）主席，Alderoty呼吁该行业“发出统一的声音”。

Coinbase首席执行官反击《华尔街日报》关于《CLARITY法案》责任的报道一文最初出现在The Coin Republic上。