Armstrong Sees Crypto Bull Run Near as CLARITY Act Heads for Senate Vote
Coinbase Chief Executive Officer Brian Armstrong said the crypto market may be “on the cusp” of its next bull run after Bitcoin climbed above $72,000.
In a CNBC interview, Armstrong said he expects the CLARITY Act to win more than 60 Senate votes in September. The Senate is scheduled to vote on the bill Sept. 15, with Trump administration ethics concerns remaining one of the issues surrounding the legislation.
CLARITY Act Faces Key Vote
Armstrong said the White House has offered an ethics proposal that could help address concerns over President Donald Trump’s crypto investments. He also pointed to the length of Bitcoin’s downturn as a potential bullish signal, saying previous bear markets lasted about 370 to 380 days.
Related: Trump Hosts Crypto Leaders as SEC, CFTC Policy Moves Put US Markets on Watch
Coinbase Looks Beyond Bitcoin
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