Coinbase CEO Brian Armstrong says that crucial laws to advance crypto within the US has “a very good likelihood of getting accomplished” after witnessing robust bipartisan assist for the crypto market construction invoice this week.
The Digital Asset Market Readability Act seeks to make clear the roles of the Securities and Change Fee, the Commodity Futures Buying and selling Fee and different monetary businesses that regulate the crypto market, particularly non-stablecoins equivalent to tokenized shares.
After assembly with lawmakers over the previous couple of days, Coinbase CEO Brian Armstrong stated: “That is how we make sure the crypto trade will be constructed right here in America, driving innovation and defending customers, and ensuring we by no means have one other Gary Gensler attempting to take your rights.”
“The Senate is strongly supportive of getting this accomplished; the members I met with on each side of the aisle are able to get this laws handed,” Armstrong stated in a video posted to X, noting that the draft invoice is being exchanged forwards and backwards earlier than it heads to the trade members for public enter.
“I believe this has a very good likelihood of getting accomplished, I’ve truly by no means been extra bullish in the marketplace construction [bill] getting handed, it’s a freight prepare leaving the station.”
I used to be in DC the previous couple of days working to get MARKET STRUCTURE laws handed for crypto. That is how we make sure the crypto trade will be constructed right here in America, driving innovation and defending customers, and ensuring we by no means have one other Gary Gensler attempting to take your… pic.twitter.com/UqCH8jCNU8
— Brian Armstrong (@brian_armstrong) September 18, 2025
Senator Cynthia Lummis predicted earlier this month that the CLARITY Act would get to President Donald Trump’s desk to signal earlier than the top of the 12 months.
Among the many different crypto representatives reportedly in attendance had been executives from Ripple, Kraken, Circle, Cardano and tech-focused enterprise capital companies a16z, Paradigm and Multicoin Capital.
The invoice ought to prioritize defending builders: Kraken boss
Kraken CEO Arjun Sethi stated his contributions within the roundtable dialogue targeted on how the market construction invoice can assist crypto services in a manner that advantages its builders as a precedence.
“Thanks to everybody in DC preventing for crypto’s future. However the true combat is larger: defending the fitting to construct protocols, chains, memes, tokenized equities, commodities, utilities, and so forth. and making certain incentives stick with the builders, not simply incumbents.”
Armstrong additionally added that lawmakers received’t permit the banking trade’s try and ban curiosity on stablecoins. In mid-August, a number of banking teams warned that yield-bearing stablecoins might threaten the conventional banking mannequin, which will depend on attracting deposits with high-interest financial savings merchandise to fund loans.
The banking teams already tried to ban curiosity on stablecoins within the GENIUS Act, however weren’t profitable, Armstrong famous.
Bitcoin reserve invoice can be gaining momentum
It seems to have been a productive week on Capitol Hill.
US lawmakers additionally met on Monday with 18 Bitcoin leaders, together with Technique chairman Michael Saylor, to debate how Congress can transfer ahead with the Trump administration’s Strategic Bitcoin Reserve.
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Saylor and his friends pitched concepts as to how the Cynthia Lummis-sponsored BITCOIN Act will be handed, and see the US authorities purchase a million Bitcoin over the subsequent 5 years by means of budget-neutral methods.
Among the many budget-neutral methods which were floated up to now are the reevaluation of the Treasury’s gold certificates and tariff income.
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