Coinbase CEO Brian Armstrong expects US crypto regulation to move forward by mid-September, either through a Senate vote or new SEC and CFTC rules. This outlook follows a White House meeting with President Donald Trump and crypto industry leaders. The CFTC, under Chairman Mike Selig, stated it would establish a regulatory framework for cryptocurrencies without waiting for Congress, including allowing platforms to offer leveraged trading under its oversight. The Senate is expected to vote on the CLARITY Act on September 15, though the bill needs 60 votes to pass and Republicans hold only 53 seats, making its passage uncertain, with Galaxy Research cutting its odds from 50% to 30%.
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