SEC

Coinbase CEO Brian Armstrong said U.S. crypto markets will gain greater regulatory clarity regardless of the outcome of the Senate's scheduled Sept. 15 vote on the CLARITY Act, which needs 60 votes to advance. The bill, aimed at dividing digital-asset oversight between the SEC and CFTC, was introduced in May 2025 and passed the House in July 2025 by a vote of 294-134 before moving to the Senate. Arizona Democratic Senator Ruben Gallego has said reaching 60 votes will require resolving outstanding ethics provisions alongside other unfinished items. Armstrong said that if the bill fails, the SEC and CFTC have indicated they are prepared to publish rulemaking shortly after the vote, while passage would deliver a broader legislative framework he described as a milestone capable of unlocking institutional capital and paving the way for tokenized-equity products in the U.S. The stakes are direct for Coinbase, where about half of revenue still comes from trading: second-quarter revenue fell to $1.2 billion from $1.5 billion a year earlier, and the company posted a $359.5 million net loss versus a $1.43 billion profit in the same period last year, with shares down nearly 23% year to date.

The U.S. Securities and Exchange Commission has cancelled an open meeting scheduled for Friday, which had been expected to consider new cryptocurrency regulations. The SEC said on Thursday that the meeting has been called off, and that the commission is expected to consider whether to propose tailored offering rules for certain investment contracts involving crypto assets. The SEC told Reuters the meeting will be postponed due to unexpected scheduling issues. Meanwhile, the Senate adjourned in August without voting on the Digital Asset Market Clarity Act, a bill that would provide a comprehensive framework for financial regulators overseeing the crypto industry. SEC Chairman Paul Atkins told CNBC on February 27 that the agency is ready, willing, and able to issue digital asset regulations if the Senate fails to pass the CLARITY Act.