Coinbase CEO Brian Armstrong emphasized the growing global focus on tokenization and U.S. crypto regulation during the World Economic Forum in Davos. Armstrong noted that discussions centered on the CLARITY Act, which aims to establish clear U.S. crypto market rules. He highlighted tokenization's expansion beyond stablecoins into various asset classes, with Fortune 500 companies increasingly involved. Despite positive discussions in Davos, Armstrong revealed a setback in Washington as Coinbase withdrew support for the Senate version of the CLARITY Act due to a controversial amendment. This amendment, driven by the banking lobby, would ban crypto exchanges from offering yields on stablecoins. Armstrong stressed the importance of regulatory clarity for maintaining U.S. competitiveness in the global crypto market.