99Bitcoins Exclusive: “CLARITY Act Will Pass” Coinbase Research Chief Bullish as Wall Street and Crypto Titans Descend on DC

Ben Graham · February 2

Today, 2 February 2026, White House crypto czar David Sacks is set to host banking and crypto trade groups, along with Coinbase, to discuss the CLARITY Act or the Digital Asset Market Clarity Act of 2025. Meanwhile, the Securities and Exchange Commission (SEC) Chair, Paul Atkins, has been pressing Congress to pass the CLARITY Act. The Bill passed the House of Representatives back in 2025, but has remained stuck since.

In an exclusive chat with 99Bitcoins.com, David Duong, Head of Global Research, Coinbase Institutional said that he is optimistic that the bill will pass in 2026! “I think that we’ve already gotten stablecoin oversight. Market structure clarity is going to emerge too,” Duong insisted.

“I think that a lot of people have kind of conflated the idea of the market structure bill and the opposition on it towards just stablecoin rewards. And I think that it’s much bigger than that.”

“Prediction markets have gone from like 20% odds that the Crypto Marcket Structure Bill will be pass, to 40% to 60%. It’s definitely tracking the progress in terms of people. I think a lot of people were very worried that everyone’s left the table, all the key players were kind of gone, and that wasn’t the case.”

No one has walked away from this. I think there’s still bipartisan support for this.

“CoinDesk Author Austin Campbell and I were chatting about this and I remember we went around the table and everyone was like, does anyone think that this is going to get passed in 2026? And everyone except for me said no. I was the lone person who said I still think that it’s possible and I don’t speak for Coinbase on this. I speak for myself in seeing that I think the opportunities here are still around.”

SEC CHAIR PAUL ATKINS IS PRESSING CONGRESS TO PASS THE CLARITY ACT NOW.

“It’s really crucial for Congress at this moment in time to step forward and come up with crypto legislation.”

That’s not a casual comment.
That’s the head of the SEC admitting the current framework… pic.twitter.com/zfo7sumbLF

— Crypto Tice (@CryptoTice_) February 2, 2026

Explore: CLARITY Act Sparks Fight Over Stablecoin Yield and Your Dollars

“Yes, there are challenges!”

It became more of a Christmas tree kind of bill where people were hanging different policy initiatives on it. And I don’t think that was what the industry itself wanted.

Acknowledging the challenges in the way of the bill, he said, “There are six big principal like issues at stake here but I think that there’s also a lot of compromise that people are starting to offer here.”

“I’m optimistic, yes. A lot of people conflate this with a red and blue issue. They think that this is very partisan, that the Democrats think one way and the Republicans think another. In the past, I said if you look at it not as a partisan issue if you look at Congress and how it’s divided on pro-crypto versus like anti-crypto kind of sentiment there’s 289 pro-crypto members of the House of Representatives there’s 59 pro-crypto senators. But definitely there’s about four neutral senators as well. So, the way I see it is there’s actually a lot of support for this.”

People want to have thoughtful regulation, which is a good thing. Just what’s happened with this particular market structure bill is that we strayed a little bit from the intent.

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“We Will Eventually Get Market Structure Clarity”

“I think that clear regulatory frameworks are definitely unlocking institutional participation. That’s going to continue. We are transforming these compliance hurdles from a barrier into an enabler,” said Duong. “So, we will eventually get market structure clarity. I have no doubt about that. This is something I stand very firm on. And again, I speak more for myself than Coinbase.”

If we do not get on this now, like we are going to be falling behind. And I think this administration knows it. I think this Congress knows it.

“I think that we’ve already gotten stablecoin oversight. Market structure clarity is going to emerge too. And it will be a force function for Wall Street to enter into crypto. And we’re seeing that. We saw the headlines coming out of Morgan Stanley at the end of last year, for example, saying that “our RAs/PMs are allowed to actually enter crypto and recommend crypto.”

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