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Odaily Coinbase CEO Brian Armstrong plans to meet with U.S. Republican senators this Wednesday, on the eve of a key committee vote on the CLARITY Act scheduled for Thursday by the Senate Banking Committee.Reports indicate the latest draft of the bill exceeds 300 pages, covering mechanisms for stablecoin reward programs, DeFi protection clauses, and federal regulatory standards for digital assets. Previously, Coinbase had withdrawn its support for the bill due to restrictions on stablecoin yield and DeFi protections. However, after revisions driven by Senators Thom Tillis and Angela Alsobrooks, Armstrong has recently softened his stance, stating the industry "didn't get everything it wanted, but the core demands were preserved."Currently, U.S. banking organizations continue to lobby for tighter stablecoin provisions, while some Democratic lawmakers are demanding the inclusion of conflict-of-interest clauses to restrict government officials from engaging in crypto-related business. Market participants are closely watching the outcome of this week's committee deliberations, which could determine whether the first comprehensive U.S. crypto regulatory framework can advance toward enactment by the end of 2026. (FinanceFeeds)
According to The Block, Coinbase reported its Q1 2026 financial results, posting a net loss of $394 million, including a $482 million loss from holding crypto assets. Total revenue for the quarter stood at $1.41 billion, down 31% year-on-year; trading revenue fell 40% year-on-year to $756 million; subscription and services revenue declined 14% to $584 million; stablecoin revenue rose 11% year-on-year to $305 million—marking逆势 growth. Adjusted EBITDA amounted to $303 million, a sharp decline from $930 million in the same period last year. CEO Brian Armstrong stated that the company is transforming from a spot crypto platform into a comprehensive platform supporting diverse asset classes—including derivatives, commodities, futures, and prediction markets—and emphasized that on-chain economic fundamentals remain strong. Following the earnings release, Coinbase’s stock fell approximately 6% after hours to $182.
according to its Q1 2026 financial results, impacted by declining crypto asset prices and reduced trading activity, the company recorded a net loss of $394.1 million for the quarter, which included a $482 million loss on digital assets held for investment purposes. Total revenue was $1.41 billion, down 31% year-over-year; transaction revenue was $756 million, down 40% year-over-year. Subscription and services revenue reached $584 million.CEO Brian Armstrong stated that the company is transitioning from a spot crypto platform to a multi-asset platform encompassing derivatives, commodities, futures, and prediction market contracts. Additionally, stablecoin-related revenue grew 11% to $305 million, and its global crypto trading market share stood at 8.6%. Following the earnings release, the company's shares fell approximately 6% in after-hours trading.
Coinbase CEO Brian Armstrong responded to U.S. Treasury Secretary Scott Bessent’s call for the passage of the “Clarity for Digital Assets Markets Act” (CLARITY Act), expressing agreement and gratitude for his advocacy. Armstrong emphasized that bipartisan collaboration between senators and staff over the past several months has significantly strengthened the bill. Earlier, the U.S. Treasury Secretary urged Congress to swiftly pass the CLARITY Act.