Coinbase CEO Brian Armstrong has renewed calls for urgent crypto legislation, pushing lawmakers to pass the CLARITY and GENIUS Acts. His message, posted via social media, highlights the voices of over 52 million American crypto holders now waiting for Congress to act decisively.
Armstrong suggests that the U.S. needs to establish a comprehensive regime of digital assets regulation to take its place as a global leader in crypto. He stated that there should be clear and stable laws that may help to protect consumers and promote innovation throughout the blockchain industry.
Support Grows for Crypto Legislation from Industry Leaders
In support of Armstrong’s plea, Chris Dixon, the general partner at Andreessen Horowitz, commended the recent legislative momentum. He pointed out that the framework on how to regulate stablecoins, the GENIUS Act, has moved forward in a bipartisan way. The bill has come out of both the House Agriculture and Financial Services Committees and is now waiting to be considered fully by the House and the Senate.
According to Dixon, the bill provides three fundamental advantages: robust consumer protection, long-term investment incentives, and a basis for blockchain innovation in the U.S. He added that it is crucial to keep crypto talent and crypto development on American soil to create a better internet economy.
In the meantime, the big names in the corporate world are already taking action. USDC payments using the Coinbase Base network are now available on Shopify, and Stripe is handling fiat settlement across more than 30 countries. Moreover, the recent success of Circle IPO has demonstrated that the interest of investors may grow even more with the clarity of regulations.
Clear Crypto Rules Could Unlock New Phase of Market Growth
The need to establish a legal framework is increasingly becoming urgent as companies hurry up to implement stablecoins. Reg observers believe that the convergence of the private sector with government regulation will be the next growth wave in digital finance. Other leaders, including Armstrong, are of the opinion that Congress now has the chance to open that potential.
As crypto bills gather steam and big tech companies announce their interest in blockchain payments, the United States might be on the edge of a new regulatory paradigm. Nonetheless, the enactment of the bills is vital in safeguarding innovation and the interest of Americans in the digital economy.
Conclusion
Brian Armstrong’s renewed push signals the increasing pressure on Congress to deliver concrete crypto rules. As bipartisan backing grows and industry shifts accelerate, the spotlight now turns to lawmakers to finalize the path forward.
