Coinbase CEO Optimistic About U.S. Crypto Market Structure Bill Passage
- Brian Armstrong anticipates the U.S. crypto market structure bill will pass by year-end.
- Armstrong noted that Senate Democrats and Republicans are “90% on the same page” regarding the framework.
- Key discussions focus on how DeFi should be regulated and protections for stablecoin rewards.
- Armstrong expects Senate committee approval of the bill by Thanksgiving, setting up a potential full vote before year-end.
- He warned against traditional banks undermining crypto innovations, citing recent legislation supporting stablecoin incentives.
Despite a government shutdown, bipartisan momentum for clear regulations in the crypto sector is increasing, with Armstrong emphasizing the need to protect innovation while ensuring centralized entities operate under defined rules.
The expectation for Senate committee approval by Thanksgiving signals significant progress towards establishing a regulatory framework for stablecoins and DeFi operations in the U.S.
