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Brian Armstrong says Coinbase may benefit after CLARITY Act fails

Coinbase CEO Brian Armstrong said the CLARITY Act failing may mean less competition for Coinbase, implying a potential downside for the firm. He also said it would be good for the United States that the act did not pass.

COIN

Coinbase Global (COIN) CEO Brian Armstrong said the failure of the CLARITY Act may mean less competition for the firm. On The Daily Wolf podcast, Armstrong said it would be good for the United States that the CLARITY Act did not pass, but that there would have been a downside for Coinbase.