Coinbase CEO: This Week is a Great Opportunity for the U.S. Congress to Advance Stablecoin and Market Structure Legislation, Urging Both Houses to Take Action

BlockBeats News, May 6th, Coinbase CEO Brian Armstrong stated that this week, the U.S. Congress faces a key opportunity to advance stablecoin and market structure legislation. Coinbase strongly supports the Senate to debate the GENIUS Act this week, which requires 60 votes to pass.

Coinbase also welcomes the House efforts to continue the momentum of FIT21. To pass comprehensive legislation into law before August, both chambers of Congress need to act swiftly.