Coinbase Executive Says Clarity Act Has ‘Tremendous Momentum’ in the Senate

HomeNEWSCoinbase Executive Says Clarity Act Has 'Tremendous Momentum' in the Senate NEWS Coinbase Executive Says Clarity Act Has ‘Tremendous Momentum’ in the Senate Coinbase's Ryan VanGrack said the Clarity Act is gaining strong Senate momentum and argued it would bring long-awaited federal rules, stronger consumer protections, and regulatory clarity to the crypto industry. By Micah Zimmerman July 20, 2026 Share FacebookXLinkedinReddItEmailTelegramCopy URL Prefer us on Google Download App Download App Coinbase Vice Chair Ryan VanGrack said the Clarity Act has gained “tremendous momentum” in the Senate, in a CNBC “Squawk Box” appearance that made the case for a federal crypto framework and touched on bitcoin, blockchain, and the industry’s uneasy truce with Wall Street. VanGrack, a former SEC official, framed the Clarity Act as an overdue set of rules rather than a giveaway. “It’s not about no regulation,” he said. “This is about imposing regulation on the industry for the first time.” He described a “win-win-win” for American investors, innovators, and standards should the measure pass, and said a bipartisan group of senators has kept up work “even in the last few weeks and days.” Clarity Act updates The House passed its version of the Clarity Act last year, and attention has shifted to the Senate, where the path to 60 votes remains the central hurdle. The Senate Banking Committee advanced the bill in a 15-9 vote this spring, with two Democrats crossing over, and House members have urged the Senate to act before the August recess. The measure sits in a narrow window as negotiators work out remaining terms. President Trump added his voice last week, posting on Truth Social in support of Senator Lindsey Graham and calling on the Senate to pass the bill. Trump framed the stakes in terms of competition with China, a message he has repeated as he presses the chamber to move. VanGrack said Democrats have won concessions that strengthen the bill’s consumer protections. …

Coinbase Executive Says Clarity Act Has ‘Tremendous Momentum’ in the Senate

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