# Coinbase CEO Brian Armstrong declared his company’s support for the Digital Asset Market Clarity Act on Wednesday.

*fintech · news · 2026-05-13 · Bitcoin Magazine*

## Key points

- The Senate Banking Committee will hold its first markup of the CLARITY Act on May 14.
- The CLARITY Act gives the CFTC exclusive authority over digital commodity spot and cash markets.
- A stablecoin yield compromise now bans interest-like rewards, but permits activity-based incentives.
- The Senate version of the bill expands to nine titles, adding DeFi, bankruptcy, and developer protections.
- Full Senate passage relies on Democratic support and resolution of ethics provisions regarding Trump’s crypto holdings.

**Companies:** Coinbase
**Countries:** United States

[Read the full story on Bitcoin Magazine](https://bitcoinmagazine.com/news/coinbase-ceo-says-crypto-bill-could)

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