BlockBeats News, May 12: An insider revealed that Coinbase CEO Brian Armstrong plans to meet with a Republican Senator in the United States tomorrow, on the eve of a critical vote on the Cryptocurrency Market Structure Act (known as the CLARITY Act).

Brian Armstrong has previously stated in an interview that there are divergent views on the stablecoin yield provision and regulatory jurisdiction in the Cryptocurrency Market Structure Act, but he is currently seeking a "win-win" solution. On May 14, the U.S. Senate Banking Committee will consider the CLARITY Act, a long-awaited legislation driven by the crypto industry, aiming to establish a clearer regulatory framework for the U.S. digital asset market. The focus is not just on "good news for the crypto industry," but also on the U.S. attempting to bring the unresolved regulatory disputes of the past few years back into the congressional legislative process.