Coinbase CEO Brian Armstrong said the exchange cannot support the Senate Banking Committee’s latest draft of the CLARITY Act, warning that the bill, as

Coinbase Global and Robinhood Markets slump Thursday as fresh turmoil around a long-awaited U.S. crypto market-structure bill rattled investors.

Coinbase CEO Brian Armstrong unveils plans to turn Coinbase into an everything exchange in 2026, spanning crypto, prediction markets and more.

Coinbase may drop support for the CLARITY Act if it limits its lucrative stablecoin reward programs. Coinbase, one of the largest U.S.-based crypto exchanges, may withdraw its support for the CLARITY Act if the bill imposes restrictions on stablecoin reward programs, according to a Bloomberg report.

Coinbase plans 2026 expansion with crypto, equities, and commodities trading, plus stablecoin growth and Base chain adoption.

In recent days, Coinbase Global has attracted renewed attention after multiple major Wall Street firms upgraded the company to Buy, citing its expanded focus on crypto infrastructure and multi-asset trading,