Brian Armstrong: Coinbase Chief Flags Dual Routes to Regulatory Certainty by Mid September

Brian Armstrong’s dual-path outlook on U.S. rules has extended the majors’ recent losing streak as red candles pile up across the board.

Clarity Paths Fuel Fresh Selling

Coinbase CEO Brian Armstrong told CNBC Squawk Box Asia that regulatory clarity for crypto could arrive either through cloture on the CLARITY Act (H.R. 3633) on September 15 or through accelerated SEC and CFTC rulemaking around the same window. The comments separated the timeline from any ethics stall or ETF rotation effects, yet the market focused on the uncertainty that remains until that date.

Traders have now logged multiple sessions of downside follow-through. The reaction shows how long the majors have chopped lower on regulatory headlines without a decisive catalyst.

BTC and ETH Extend Red Streak

Bitcoin fell to $76,997, marking a 3.0 percent drop on the session. The chart shows a string of lower closes that has stretched into a week-long sequence of pressure. Support levels tested earlier in the month gave way again as the clarity timeline failed to spark immediate buying.

Ethereum slipped to $2,428.39, down 3.3 percent. Its candles have mirrored Bitcoin’s pattern, with each bounce attempt fading inside the same narrow range that has held for days. The combined weakness underscores how the majors are moving in lockstep on the regulatory overhang.

Alts Take Harder Hits

XRP dropped to $1.36, a 4.8 percent decline that outpaced the larger coins. The token has now posted red candles on four of the past five sessions, extending its relative underperformance. SOL landed at $99.55 after a 4.3 percent slide, continuing a choppy stretch that has erased recent gains in quick order.

DOGE printed the largest move lower at $0.083834, off 7.4 percent. The chart shows accelerated selling that has lengthened its own red-candle run and widened the gap versus the rest of the majors.

Streak Signals Ongoing Caution

The coordinated downside keeps the focus on how many consecutive sessions of weakness the market can absorb before a relief bounce appears. Prices remain range-bound below recent highs, with volume staying elevated on the sell side. Armstrong’s timeline sets a near-term marker, yet the current price action shows traders treating the wait as another leg of pressure rather than a reason to step in.

Outlook for the Next Window

With the September 15 date now front and center, the majors sit in a holding pattern defined by the length of the current drawdown. Any resolution that lands inside the stated window could shift the candles, but the streak of selling through today leaves the chart still pointed lower until fresh bids arrive.