Banking trade groups responsible for impasse on market structure bill, Brian Armstrong says

Banking trade groups responsible for impasse on market structure bill, Brian Armstrong says

Coinbase CEO Brain Armstrong said updated market structure legislation may offer banks other benefits to get them on board with allowing stablecoin rewards.

Coinbase's Armstrong Says Big Banks Are Already in on Crypto – Their Lobbyists Didn't Get the Memo

Brian Armstrong torpedoed the CLARITY Act in January. He pulled Coinbase's support the night before the Senate Banking Committee was supposed to vote on it. One X post, and the markup session was postponed indefinitely.The bill — 278 pages, a year in the making, passed 294-134 in the House last July — was supposed to finally give crypto a regulatory framework in America. Instead it's sitting in limbo while Coinbase and the banking lobby fight ov…

Coinbase CEO Sees ‘Win-Win’ Outcome For Delayed Crypto Market Structure Bill

The long‑awaited crypto market structure bill, known as the CLARITY Act, remains stuck in the US Senate, but Coinbase Chief Executive Officer Brian Armstrong says he still expects a positive resolution. Coinbase CEO Remains Optimistic Speaking Wednesday on CNBC during the World Liberty Forum at Mar‑a‑Lago, Armstrong expressed confidence that lawmakers will ultimately deliver what […]

Coinbase CEO Blames Banking Trade Groups for Stalling Crypto Market Structure Bill

Coinbase CEO Brian Armstrong says banking trade groupsnot individual banksare the primary reason negotiations over U.S. crypto market structure legislation have stalled. Speaking at the World Liberty Forum at Mar-a-Lago, Armstrong argued that many banks increasingly see cryptocurrency and blockchain technology as an opportunity, while certain trade associations approach the issue with a zero-sum mindset. According to Armstrong, some incumbent in…