Coinbase CEO Brian Armstrong tells CNBC crypto is near a “next bull market,” ties hopes to the CLARITY Act vote push

Coinbase Chief Executive Brian Armstrong said he believes crypto markets are on the cusp of another upswing, pairing that outlook with a political bet that the Senate will back the CLARITY Act in September.

Armstrong made the comments in an interview with CNBC, according to a report circulated by Yahoo Finance. He told the broadcaster he is “pretty optimistic,” and said he expects the CLARITY Act to secure “more than 60 votes” in the Senate in September.

The interview also highlighted how Coinbase and other crypto firms view legislative progress as a potential catalyst for sentiment. Armstrong linked the odds for the bill’s passage to a political effort involving Donald Trump, describing an ethics-related offer he expects to help advance the CLARITY Act.

While the report did not provide additional procedural details, the key point Armstrong emphasized was timing. In his view, the calendar in September matters, and he believes there is a plausible path to the Senate-level vote threshold he cited.

Armstrong’s bullishness did not appear as a narrow market call. In the same remarks, he framed crypto’s next phase as something that could arrive relatively soon if policy uncertainty recedes, arguing that clearer rules tend to unlock participation by institutions and mainstream users.

The CLARITY Act itself was presented in the report as the focus of the legislative push. The reporting did not specify whether the bill addresses how digital-asset platforms should be classified, supervised, or operated, nor did it list any amendments or specific sponsor commitments.

Even without those finer points in the published summary, Armstrong’s comments fit a broader pattern seen across the industry: major market participants have repeatedly tied regulatory clarity to risk reduction. In that context, the CEO’s expectation of a Senate vote number becomes more than a political forecast, because it is intended to announcement whether lawmakers are moving toward a workable framework.

Coinbase did not provide additional detail in the cited interview summary about what would constitute success beyond the “more than 60 votes” threshold, nor did it quantify how its business would be affected if the bill advances. With the report also not disclosing any timeline for implementation after passage, investors and market watchers will likely have to wait for further disclosure to gauge the practical impact.