- Coinbase executive John D’Agostino says the Digital Asset Market Clarity Act (CLARITY Act) is progressing on the right path despite delays.
- D’Agostino called the bill foundational and more complex than the stablecoin-focused Genius Act passed in July.
- “We are closer than ever to passing the landmark crypto market structure legislation,” a White House official said, noting a possible January timeline.
- CoinShares linked regulatory delays around the CLARITY Act to roughly $952 million in outflows from crypto investment products.
- Trader Peter Brandt said passage is needed but unlikely to dramatically change Bitcoin’s price.
John D’Agostino, head of strategy at Coinbase Institutional, said the CLARITY Act is moving forward and that he understands why the process is taking time during an interview on CNBC. He described the bill as foundational for crypto market growth and more complex than the Genius Act passed in July.
D’Agostino said the Genius Act addressed structurally simpler issues than market-structure legislation and that a careful process is appropriate. He warned that a growing “massive flight of talent” from the U.S. could increase pressure on lawmakers to finalize the CLARITY Act in 2026.
A White House AI and crypto official said the legislation may clear Congress in January, stating, “We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January.” A related tweet by Sen. Cynthia Lummis was shown alongside discussion of the bill’s progress.
Market effects tied to the delays have appeared in fund flows. CoinShares attributed approximately $952 million in outflows during the week ending Dec. 19 to prolonged regulatory uncertainty and concerns about large asset sales. Veteran trader Peter Brandt said the CLARITY Act is necessary but “not something that should redefine value.”
D’Agostino said passing the Genius Act helped slow talent departures, but he expects renewed urgency once lawmakers return to session and evaluate the broader risks of falling behind on technologies such as Artificial Intelligence and blockchain.
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