Fidelity urges Senate passage of the CLARITY Act. The time is now for clear rules of the road that are essential to strengthening investor confidence, providing certainty for market participants, and reinforcing U.S. leadership in global digital asset markets.

and to be clear, brian armstrong is the GOAT everybody's dunking on coinbase for onchain right now. people UNDERRATE them: here since 2012, carrying US regulation, onboarding a whole generation my first bitcoin buy was on coinbase in 2017, and they are still shipping to this day

The Clarity Act is ready for a full Senate floor vote. The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time. The status quo in the U.S. isn't working. There's no federal framework, so bad actors like FTX can harm U.S. customers and much of the industry has gone offshore totally outside U.S. purview. This bill fixes that with strong consumer protections, real tools for law enforcement, and a path for America to lead in this industry. Crypto can't be uninvented at this point, so whether you love crypto or hate crypto, you should want clear federal laws. And it's also simply good politics: 70% of American voters say the U.S. should have already passed comprehensive crypto legislation. Let's finish this! Special thanks to the @standwithcrypto members who sent 950k contacts to their representatives in congress. Keep it up.

Interesting point. The first one feels temporary. The second one more durable. But hash power or energy going to Bitcoin mining doesn't determine its price (the network difficulty adjusts if miners go offline to keep the same pace of block mining). Long term, Bitcoin price is mostly a measure of how much people fear inflation, and there seems to no end in sight to democracies everywhere running deficits.

"If—" is a poem by English poet Rudyard Kipling If you can keep your head when all about you Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too: If you can wait and not be tired by waiting, Or being lied about, don't deal in lies, Or being hated don't give way to hating, And yet don't look too good, nor talk too wise; If you can dream—and not make dreams your master; If you can think—and not make thoughts your aim, If you can meet with Triumph and Disaster And treat those two impostors just the same: If you can bear to hear the truth you've spoken Twisted by knaves to make a trap for fools, Or watch the things you gave your life to, broken, And stoop and build 'em up with worn-out tools; If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss, And lose, and start again at your beginnings ⁠And never breathe a word about your loss: If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you ⁠Except the Will which says to them: 'Hold on!' If you can talk with crowds and keep your virtue, Or walk with Kings—nor lose the common touch, If neither foes nor loving friends can hurt you, If all men count with you, but none too much: If you can fill the unforgiving minute With sixty seconds' worth of distance run, Yours is the Earth and everything that's in it, ⁠And—which is more—you'll be a Man, my son!

Proof of work - derivatives in the US on Coinbase are growing fast! 25 contracts with over $200B traded. US crypto perps went live in July 2025. And with unified global liquidity on the way (connecting US traders with international) this should accelerate. Only on Coinbase.

This is a new paradigm for you to get 10x better financial services built with AI and crypto Connect your agent, and let it run under your guidance Trade, manage portfolios, and set it up to pay with x402

Something that got missed in the noise last week: Coinbase got approved to offer true global crypto perps in the US. This took many years of work, and we're the first to offer this global liquidity to US users. Backstory: For many years crypto trading has been moving offshore because the US didn't have clear rules, and perpetual futures were a superior product that traders wanted but it wasn't allowed in the US. If we're being honest, probably ~half of all perpetual futures volume was Americans using offshore products via VPN with loose KYC controls (an open secret in the industry). Penalties for this were rarely, if ever, enforced, which as you can imagine, was frustrating for us as an American company following the rules. Others set up offshore entities and found ways around it. After dozens of personal visits to DC, and many more from our policy team, I'm really proud we finally got approval to give US users access to true, global perpetual futures. This is important because we'll now see pooled global liquidity in perpetual futures, with the US and international markets being connected instead of fragmented. Coinbase is strongest in the US, and the US is the largest market for trading, so there is now a chance to build a global network effect around liquidity. And US traders can now use these products in a compliant way with a US company, which hopefully provides greater customer protection. Major credit to Chair Selig and Atkins on recognizing the importance of this for US capital markets. And we will keep working to update the system in a compliant way, and to be the best place you can trade.

Joe and Amy bought their first home without having to liquidate a decade of BTC savings. The first crypto-backed conforming mortgage is here, and there's so much more you can do with your crypto on Coinbase. Hold crypto, buy a home, build long-term wealth.