In a recent visit to Washington, DC, Coinbase CEO Brian Armstrong emphasized the critical need for market structure legislation in the cryptocurrency industry. According to the results published in the material, his remarks come at a pivotal time as discussions around regulatory frameworks gain momentum.
Progress in Legislative Discussions
Armstrong pointed out that significant progress has been made in legislative discussions, expressing optimism that a markup of the bill could occur as early as December. He believes that establishing clear regulatory guidelines will not only unlock the potential of the crypto market in the United States but also provide benefits to all companies operating within the sector.
Senate Banking Committee's Efforts
His comments align with the ongoing efforts of the Senate Banking Committee, which is currently drafting its version of the legislation. This proposed framework aims to create a structured regulatory environment for the crypto industry, addressing the need for clarity and stability in a rapidly evolving market.
The Digital Chamber recently launched the State Network initiative to influence crypto policy across U.S. jurisdictions, coinciding with ongoing discussions highlighted by Coinbase CEO Brian Armstrong regarding market structure legislation. For more details, see read more.
