According to CoinMeta, the CEO of Coinbase revealed in his first interview that the reason why the CLARITY bill was not passed was related to politics, rather than substantive issues such as market structure or consumer protection. Although both parties had reached an agreement on 95% of the bill, the final voting result was 49-50, with all Democrats voting against it. Armstrong pointed out that voting against the bill meant there were no ethical constraints, and anyone could continue to engage in the activities that the bill was intended to prevent. He believes that the failure of the bill may result in a greater victory for Trump. Armstrong also mentioned that future legislation still requires unanimous approval from all three branches of Congress, while regulatory agencies may enact rules ahead of time.