CoinVoice has learned that Coinbase CEO Brian Armstrong stated today that Congress is at a critical moment this week for advancing legislation on stablecoins and market structure. The Senate is reviewing the GENIUS Act, which requires 60 votes to initiate debate. At the same time, the House is also advancing related work based on the FIT21 framework. Armstrong emphasized that both chambers need to speed up their actions to ensure comprehensive legislation is passed before August.
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CoinVoice has learned that Coinbase CEO Brian Armstrong stated today that Congress is at a critical moment this week for advancing legislation on stablecoins and market structure. The Senate is reviewing the GENIUS Act, which requires 60 votes to initiate debate. At the same time, the House is also advancing related work based on the FIT21 framework. Armstrong emphasized that both chambers need to speed up their actions to ensure comprehensive legislation is passed before August.