Pressure from the crypto industry on the United States Senate has entered a critical deadline phase. Coinbase CEO Brian Armstrong has openly urged the US Congress to pass the federal crypto bill called the CLARITY Act by September 15, 2026, at the latest. Armstrong highlighted the United States’ current position of lagging behind on the global economic stage. He stated that almost all G20 member countries already have complete crypto trading regulations, leaving the US as the only major outlier without adequate rules of the game for market participants.
Armstrong’s statement spread through a report update by @Cointelegraph on the X platform. The Coinbase chief’s decision to throw the September 15 date into the public domain serves a dual purpose - voicing the industry’s stance while putting the burden directly on the shoulders of US Senate members currently debating the bill.
Lobbying Maneuvers Before the Deadline
This public pressure emerged after quiet behind-the-scenes lobbying failed to break the deadlock on Capitol Hill. Before Armstrong released his statement, Coinbase executives alongside representatives from Ripple reportedly held a meeting with Howard Lutnick. The face-to-face meeting specifically discussed various obstacles in Congress that have stalled the progress of the CLARITY Act midway.
This federal bill actually has support from the executive branch. President Donald Trump has already expressed his support for the formulation, which he calls a “fair CLARITY Act.” In line with the president’s stance, the US Securities and Exchange Commission (SEC) has also proposed “Reg Crypto” - a regulatory framework ready to provide an exit path for 475 crypto tokens that have been operating in a gray area.
Public Sentiment and Ethical Clauses
However, the president’s backing and the proposal from the SEC have not been enough to smooth the path of the CLARITY Act in Congress. The strongest opposition stems from ethical issues embedded in the draft bill. A recent poll recorded that 63% of Americans believe Trump’s moves regarding crypto regulation have “crossed the line.”
This public assessment leads directly to the draft ethical clauses in the CLARITY Act bill, which have sparked debate among legislators. Opponents in Congress are using this negative citizen sentiment as a primary reason to hold up approval at the Senate level.
The September 15 deadline now stands as a policy signpost for the entire digital asset industry in the US. For crypto exchanges and issuers of the 475 tokens whose fate depends on the continuation of “Reg Crypto,” there are only two options - obtain regulatory certainty next month, or continue operating under the shadow of federal law enforcement with no clear timeline.
As reported by @Cointelegraph on X.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
