Armstrong “Bullish” on U.S. Crypto Regulation Progress

Brian Armstrong, CEO of Coinbase, expressed renewed optimism about the direction of U.S. cryptocurrency regulation, saying he feels “bullish” on the country’s progress toward legal clarity.

In a post on X (formerly Twitter), Armstrong wrote, “Clear rules are coming. This helps builders and innovators. We won’t stop until it happens.” The Coinbase chief has been one of the most vocal advocates for clearer crypto laws in the United States, frequently engaging with lawmakers and regulators in Washington.

Legislative Efforts Gain Momentum

Armstrong also shared a clip from his recent Fox Business interview, where he discussed ongoing developments around two major bills: the CLARITY Act and the GENIUS Act.

He explained that the CLARITY Act, also known as the market structure bill, seeks to address long-standing ambiguities over whether digital assets should be classified as commodities or securities — an issue he said was “weaponized” under the previous administration.

The legislation, which would divide regulatory oversight between the SEC and the CFTC, has already passed the House and is now headed to the Senate for debate. Meanwhile, the GENIUS Act, establishing a framework for dollar-pegged stablecoins such as Tether (USDT), has already been signed into law.

However, the growing influence of Trump-backed ventures and potential conflicts of interest tied to these bills have drawn criticism from some lawmakers, including Sen. Elizabeth Warren (D-Mass.), one of the most outspoken opponents of crypto-friendly legislation.

Positive Sentiment for Coinbase Stock

Armstrong’s comments come amid increasing bullish sentiment around Coinbase (COIN) shares. Analysts at BTIG recently initiated coverage with a Buy rating and a price target of $410, while Rothschild & Co. raised its target from $325 to $417, upgrading the stock from Neutral to Buy.

According to Benzinga Pro, Coinbase closed Monday’s regular trading session up 1.59% at $386.07, before slipping 0.39% in after-hours trading. Year-to-date, the stock has surged 55.49%, ranking among the top growth performers based on earnings and revenue expansion across multiple periods.

Armstrong’s optimism reflects growing industry confidence that clearer regulations — once enacted — could unlock a new phase of innovation and institutional participation in the U.S. crypto market.