Coinbase CEO Brian Armstrong has met with U.S. senators in Washington, D.C., to discuss the CLARITY Act, which is advancing towards a Senate vote. Senator Tim Scott announced that committee markups are scheduled for December, with a full Senate vote anticipated in early 2026. The legislation seeks to delineate regulatory responsibilities, granting the CFTC authority over digital commodities and the SEC oversight of investment contracts. Armstrong emphasized the need for swift legislative action, highlighting the potential for the bill to enhance institutional involvement in the crypto market. Crypto journalist Eleanor Terrett noted that the House and Senate versions of the bill are nearly identical and will soon be consolidated. The bill's passage could significantly impact the regulatory landscape and institutional engagement in the U.S. crypto sector.