Coinbase CEO Says Crypto Bill Could Rewire American Finance — Senate Votes Thursday
Bitcoin Magazine
Coinbase CEO Brian Armstrong supports a new crypto market structure bill, signaling a breakthrough in long-stalled legislative negotiations before a crucial Senate committee vote.Summary
Coinbase CEO Brian Armstrong has expressed support for the Digital Asset Market Clarity Act, describing it as a vital compromise that could reshape the U.S. financial system. The legislation, which recently saw a breakthrough regarding contentious stablecoin yield rules, is scheduled for a Senate Banking Committee markup. By clarifying regulatory roles between the SEC and the CFTC and establishing safeguards for decentralized finance, the bill aims to keep crypto innovation within the United States while addressing concerns from the traditional banking sector.
(Source：Bitcoin Magazine)