Coinbase CEO Brian Armstrong claims most banks view the Digital Asset Market Clarity Act (CLARITY Act) favorably, despite opposition from banking lobby groups. Coinbase is already developing crypto infrastructure for five of the world’s largest banks. The Senate Banking Committee advanced the bill on a bipartisan 15-9 vote in May 2026, following a compromise on stablecoin rewards. The final vote could happen before September 15, 2026. JPMorgan CEO Jamie Dimon publicly challenged this optimistic view, stating that banks will not accept the bill as written.
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