Coinbase CEO Brian Armstrong stated that the CLARITY Act's failure to advance in the Senate today was a disappointment. He believes the industry "can't wait on Congress anymore," as the SEC and CFTC possess the necessary tools to establish clear rules under existing authority and are expected to begin this work in earnest. Armstrong added that regulatory clarity is coming to crypto regardless, noting that the GENIUS Act is already in effect for stablecoins, offering even more permissive rewards. He suggested that some tough concessions made on CLARITY might mean its failure is for the best, emphasizing that crypto cannot be uninvented and the financial system will continue to be updated with emerging regulatory clarity.