[Brian Armstrong: U.S. Crypto Regulation Will Advance Regardless of Whether the 'Clear Act' Passes] Coinbase CEO Brian Armstrong stated that the 'Clear Act' has gained support from multiple senators and is expected to be voted on in the Senate on September 15. Even if the act does not pass, the SEC and CFTC will continue to advance rulemaking. Coinbase is actively pursuing diversification, expanding its business into stocks, commodities, and foreign exchange markets. Non-trading revenue includes stablecoins and institutional custody services. The company's Q2 revenue was $1.2 billion, with a net loss of $359.5 million. Coinbase's stock price has fallen approximately 23% year-to-date. (Source: CNBC)