00:00It's Benzinga bringing Wall Street to Main Street
00:02Coinbase CEO Brian Armstrong said the year-long crypto spot trading bear market may be nearing
00:07an end as the September 15th Clarity Act vote approaches. Armstrong told CNBC he is optimistic
00:13the bill will secure more than 60 votes and said both sides have obtained roughly 90%
00:19of what they want. He pointed to three potential catalysts for the next crypto spot trading bull
00:24market. The duration of the current downturn, the Clarity Act vote, and Bitcoin's historically
00:30stronger fourth quarter performance following halving cycles. Armstrong said Bitcoin spot
00:35trading now accounts for about 12% of Coinbase revenue as derivatives, prediction markets,
00:41stablecoin payments, and real-world asset tokenization continue to grow. He also highlighted tokenized
00:47equities and AI-driven agentic finance, or AIFI, as longer-term opportunities.
00:52For all things money, visit Benzinga.com.
