PANews reported on May 13 that Coinbase CEO Brian Armstrong stated that the US crypto regulatory bill "CLARITY" is "closer than ever" to implementation. He said the bill will make the US financial system faster, cheaper, and more accessible, and will help the US maintain its leading position in building next-generation financial infrastructure. Armstrong thanked the Senate and its team, as well as the approximately 3.7 million advocates involved in the Stand With Crypto movement, for their efforts in advancing the legislation and urged the Senate to consider and vote on the bill as soon as possible.