Coinbase CEO calls for expedited stablecoin legislation process
ChainCatcher news, Coinbase CEO Brian Armstrong stated in a post today that Congress is at a critical moment this week to advance stablecoin and market structure legislation. The Senate is reviewing the GENIUS Act, which requires 60 votes to initiate debate. Meanwhile, the House is also advancing related work based on the FIT21 framework. Armstrong emphasized that both chambers need to accelerate their actions to ensure comprehensive legislation is passed before August.
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