Coinbase CEO: CLARITY Act failure killed ethics rules, not the bill's core

• —The Senate rejected the CLARITY Act by a 49-50 vote, with all Democrats voting against
• —Armstrong: the parties agreed on 95% of the text, with the dispute centered on ethics rules
• —The rejection removed blind trust requirements and attorney general oversight of officials' tokens
• —Armstrong expects the SEC and CFTC to start writing rules on their own