@romanblox
The CEO of Coinbase reported significant progress in negotiations with the US Congress.
Armstrong said that the bill is 90% ready.
The document is expected to be reviewed by the committee by Thanksgiving.
Coinbase CEO Brian Armstrong said that despite the shutdown, the US has reached a “historic high” in promoting a clear market structure for digital assets.
According to him, the bill is already 90% ready, and Democrats and Republicans are “actively working on the last 10%.” .
“I have met with senators from both parties, and they are committed to seeing this through,” Armstrong said.
He also expressed hope that the document will be reviewed by the relevant congressional committee by Thanksgiving and that it could be adopted by the end of 2025.
Armstrong added that Coinbase continues to lobby for legislative initiatives that would provide legal certainty for DeFi protocols, secure users' rights to receive rewards in stablecoins, and establish transparent rules for crypto companies in the US.
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