Brian Armstrong says U.S. crypto legislation is "moving in the right direction"

During an appearance on Fox Business, Coinbase CEO Brian Armstrong voiced confidence in the course of U.S. crypto legislation and predicted Bitcoin could reach $300,000 to $400,000 by 2030. He tied that forecast partly to the proposed Clarity Act, which would sort digital assets into securities, commodities, or payment stablecoins. Congressional sources say the September vote on the bill will determine whether that framework becomes law after an August delay. Armstrong also addressed banks’ worries about stablecoin yield, noting that some banks support the legislation while a few object. The statements follow the SEC’s decision to end its case against Coinbase and an executive order creating a Bitcoin reserve. Bitcoin traded above $72,000 after the White House gathering.