Coinbase

The crypto industry's anticipated regulatory clarity was derailed in January when Coinbase CEO Brian Armstrong's actions hindered the progress of the CLARITY Act. The bill, which aimed to define the legal framework for the crypto market in the United States, had already passed the House and was set to be negotiated in the Senate. The White House was prepared to sign the bill, with bipartisan support from Democrats and Republicans. The legislation would have determined what digital assets are considered securities or commodities, outlined regulatory responsibilities for companies, and established consumer protections. With the House having passed its version months prior, the industry was poised for a landmark month in January 2026. However, Armstrong's involvement led to a setback, jeopardizing the industry's political future and leaving the regulatory environment uncertain. The CLARITY Act's stalled progress has significant implications for the crypto industry, which has spent decades navigating unclear regulations.