Coinbase CEO Brian Armstrong Comments on CLARITY Act Progress and Bitcoin's Market Outlook
Coinbase CEO Brian Armstrong told Bloomberg that the CLARITY Act, which aims to provide regulatory clarity for crypto assets in the U.S., is nearing a final decision ahead of its Sept. 15 Senate vote. He expressed confidence in the bill’s passage but noted even if it fails, regulators are prepared with alternative rulemaking plans. Armstrong emphasized that passing the act would be a major milestone and could unlock institutional capital while paving the way for tokenized equities. Regarding Bitcoin's price outlook, Armstrong stated he believes the cryptocurrency has already reached its cycle bottom in this four-year market cycle. He expects prices to rise over the next year or two as the next halving event approaches. Beyond Bitcoin, Armstrong highlighted growth trends across Coinbase’s ecosystem, including a 700% annual increase in stablecoin payments on Base and rapid expansion of prediction markets. Armstrong also discussed Coinbase's business strategy, noting that half its revenue comes from trading while it diversifies into stocks, commodities, and foreign exchange. He expects the stablecoin market to grow significantly by 2030 and outlined key trends for 2027 including tokenization and agentic finance.
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