Why Coinbase Derailed The Crypto Industry’s Political Future

Brian Armstrong, main executive serviceman of Coinbase Global Inc., speaks to members of nan media connected Capitol Hill successful Washington, DC, US, connected Thursday, Jan. 15, 2026. | Aaron Schwartz/Bloomberg via Getty Images.

January was going to beryllium a landmark period for nan crypto industry. The Senate would commencement negotiating nan finer specifications of nan CLARITY Act, a awesome rule that would yet enshrine nan basal building of really nan crypto marketplace could legally run successful nan United States: what integer assets counted arsenic a information versus a commodity, what regulatory responsibilities companies had to abide by, what ineligible protections consumers could have. The House had already passed their type months ago. The White House was fresh to motion it. Democrats and Republicans seemed to work together connected nan bill's fundamentals.

And crypto, which had spent decades navigat …

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