Brian Armstrong, CEO of Coinbase
$3B
After meeting with several lawmakers in Washington, he stated in a video message shared on X that a new regulatory bill for crypto has real potential to move forward.
The legislation in focus, known as the Digital Asset Market Clarity Act, aims to outline how various government agencies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), will manage and oversee digital assets.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Crypto Mining Rig? Is it Worth it? (EASILY Explained)
This bill is particularly focused on assets that are not tied to a stable value, like tokenized stocks.
Armstrong emphasized that clearer rules would protect consumers and encourage businesses and developers to operate within the US.
He argued that such a framework would prevent overreach by regulatory figures, as he referenced past tensions between the crypto industry and the SEC.
Armstrong stated that the draft version of the bill is currently being actively reviewed and revised by members of Congress. He noted that it will soon be presented to industry stakeholders for their input.
According to him, lawmakers from both political parties are showing a willingness to support the bill’s progress. He described the momentum behind it as strong and difficult to stop.
Recently, Coinbase requested that a federal court in Washington, DC, impose sanctions on the SEC for the deletion of Gary Gensler’s text messages. What did the company say? Read the full story.
