Coinbase CEO says CLARITY Act will protect crypto users from another FTX collapse

Updated on: August 20, 2026 / 3:51 PM EDT / CBS News

Coinbase CEO says CLARITY Act will protect crypto users from another FTX collapse

TL;DR

  • Coinbase CEO Brian Armstrong supports the CLARITY Act.
  • The act aims to protect crypto users.
  • It is designed to prevent future FTX-like collapses.