Coinbase (COIN) CEO Optimistic on Crypto Market Structure Bill Clarity Act

Coinbase (COIN) CEO Brian Armstrong is optimistic about the crypto market structure bill in the US, citing strong bipartisan support. The bill aims to clarify regulations for non-stablecoins like tokenized stocks. Armstrong believes the legislation has a good chance of passing, ensuring innovation and consumer protection in the industry.

Senator Cynthia Lummis expects the CLARITY Act to reach President Trump’s desk by the year-end. Kraken CEO emphasizes the bill should prioritize protecting builders of crypto products. Lawmakers are also opposing the banking industry’s attempt to ban interest on stablecoins. The Bitcoin reserve bill is gaining momentum in Congress.

US lawmakers met with Bitcoin leaders, including Michael Saylor, to discuss the Strategic Bitcoin Reserve. Ideas were pitched on how the BITCOIN Act can be passed to acquire one million Bitcoin over five years through budget-neutral strategies. Possible strategies include reevaluating Treasury’s gold certificates and tariff revenue.