Coinbase CEO Denies WSJ's Blame on Clarity Act Failure

Brian Armstrong, CEO of Coinbase ($COIN), has pushed back against a Wall Street Journal (WSJ) report suggesting Coinbase was responsible for the failure of the Clarity Act. BlockBeats reported that Armstrong argued WSJ was attempting to assign blame for the legislation's lack of passage to Coinbase.

The U.S. Senate narrowly rejected moving the Clarity Act to full debate on Thursday, voting 49-50 in a procedural vote. The vote did not determine the bill's final fate but failed to secure the required 60 votes needed for it to reach the floor for consideration.