Coinbase CEO Brian Armstrong expressed optimism about the Digital Asset Market Clarity Act after recent meetings in Washington, DC. The proposed legislation seeks to define whether digital tokens are securities or commodities, assigning regulatory oversight to the SEC and CFTC. Armstrong highlighted strong bipartisan support and noted that the draft is undergoing revisions for public input. Industry leaders from Coinbase, Ripple, and Kraken have been actively engaging with lawmakers to stress the importance of clear regulations for non-stablecoin tokens and protections for developers. The bill also addresses stablecoin regulation and proposes a Strategic Bitcoin Reserve. Senator Cynthia Lummis anticipates the bill could reach the president by the end of the year, with ongoing negotiations on Capitol Hill.