Summary Coinbase maintains the CLARITY Act can still pass despite falling prediction market odds and Senate political resistance through bipartisan negotiations. VanGrack argued the bill woul
Coinbase believes the CLARITY Act still has a realistic path to becoming law despite declining prediction market odds and growing political resistance in the Senate. According to Coinbase Vice Chair Ryan VanGrack, the legislation has already cleared many of its biggest hurdles through bipartisan negotiations, leaving lawmakers to resolve the remaining political differences.
According to VanGrack during an interview with CBS News, congressional negotiations rarely follow a predictable path. He explained that last-minute compromises are common in Washington, making recent uncertainty less concerning than market sentiment suggests.
Moreover, VanGrack noted that lawmakers have already completed much of the bill’s substance. He pointed to a comprehensive proposal containing customer protections, enforcement provisions, and detailed regulatory guidelines for the digital asset industry.
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According to VanGrack, the CLARITY Act would clearly define which regulators oversee different areas of the cryptocurrency market. He explained that digital assets have existed for more than 15 years without lawmakers establishing a comprehensive regulatory framework.
Additionally, he stated that clearer rules would give investors and businesses greater certainty when operating in the United States. Companies would better understand their regulatory obligations, while innovators could develop products under defined legal standards.
According to VanGrack, the cryptocurrency industry has consistently sought regulation instead of resisting it. He referenced Coinbase’s legal action against the U.S. Securities and Exchange Commission as an example of the company’s efforts to encourage formal rulemaking rather than enforcement-based oversight.
Furthermore, VanGrack stressed that the legislation reflects extensive negotiations between Republicans and Democrats. He argued that bipartisan cooperation has strengthened the proposal and improved its chances despite ongoing political disagreements.
However, the bill still faces procedural challenges in the Senate. Democratic leadership reportedly wants to delay a key procedural vote until the White House responds to a bipartisan ethics proposal linked to the broader legislative process.
Meanwhile, Senate Majority Leader John Thune has maintained that the procedural vote will proceed as planned. Coinbase CEO Brian Armstrong has also renewed public calls for lawmakers to advance the legislation, emphasizing the importance of regulatory certainty for the industry.
Research firm Bernstein warned that failure to pass the CLARITY Act could weigh on cryptocurrency valuations by extending regulatory uncertainty across the U.S. market. Meanwhile, prediction platform Polymarket reflects growing skepticism, with the probability of the legislation becoming law in 2026 falling to 24% from 57% earlier in June.
Despite declining prediction market expectations, Coinbase executives remain confident that bipartisan support can carry the legislation through Congress. According to VanGrack, negotiations have already addressed the bill’s most significant policy issues, leaving lawmakers to finalize the remaining political details.
The CLARITY Act remains one of the most closely watched cryptocurrency bills in Congress as lawmakers weigh its next procedural steps. Coinbase maintains that bipartisan progress and regulatory certainty still provide a foundation for the legislation to advance despite recent political headwinds.
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The post Coinbase Pushes CLARITY Act Confidence Despite Falling Approval Odds appeared first on 36Crypto.
