On January 20, Coinbase CEO Brian Armstrong stated that he would discuss the CLARITY Act (Crypto Market Structure Act) with bank executives at the World Economic Forum in Davos and hold further consultations with them to bridge the remaining gaps and explore ways to achieve a win-win situation.
Brian Armstrong pointed out that stablecoins should create a level playing field for cryptocurrency companies and traditional banks, and he will convey these discussions to the Senate and the US government to advance the legislative process. Armstrong will also discuss with world leaders how cryptocurrencies can reshape the traditional financial system and explore the potential of tokenization in expanding access to capital markets.
