Coinbase CEO calls on Congress to advance stablecoin and market structure legislation

2025-05-06 05:40:47

Abstract generation in progress

Foresight News reports that Coinbase CEO Brian Armstrong tweeted that this week is a critical opportunity for Congress to advance legislation on stablecoins and market structure. He strongly supports the Senate starting debates on the GENIUS bill, which requires 60 votes to pass. He also welcomes the House’s continued efforts on the FIT21 basis. “Both chambers need to act immediately to pass comprehensive legislation before August.” Foresight News notes that the GENIUS bill is a piece of legislation introduced in the U.S. Senate aimed at establishing a clear regulatory framework for payment stablecoins.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.