Coinbase CEO: In a few years, banks may drive the advancement of “CLARITY 2.0”
Ai Focus
The CEO of Coinbase stated in an interview that in the coming years, it may be banks that drive the passage of “CLARITY 2.0” in the United States. He argued that banks have a greater need for such legislation than the crypto industry and pointed out that bank lobbying led to the failure of the original bill, which also allowed Coinbase to continue offering stablecoin rewards.
Coinbase CEO Brian Armstrong stated that in a few years, it may be the banks that will drive the adoption of “CLARITY 2.0” in the United States.
In the interview Scott Melker broadcast on September 20th, Armstrong stated that he agreed with the view of former Chairman of the US Commodity Futures Trading Commission (CFTC) CFTC, Chris Giancarlo, that banks need such legislation more than the crypto industry. This is because banks face stricter legal constraints, have a slower pace of advancement, and are also interested in entering the crypto custody market.
Armstrong also indicates that bank lobbying contributed to the failure of the original bill, as banks opposed the stablecoin rewards stipulated in Coinbase. He pointed out that the failure of the bill means that Coinbase can continue to offer these rewards, which also brings greater competitive pressure to the banks.
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