👀 Coinbase CEO Says the Time to Act Is NOW
In a recent post on X, he made it clear: the U.S. has a small window before August to get its act together on stablecoin legislation.
There are two key pieces of legislation in the spotlight:
🔹 GENIUS Act (Senate)
Sponsored by Senator Bill Hagerty, this bill aims to give stablecoin issuers a clear, safe, and innovation-friendly framework to operate in the U.S.
— It's bipartisan, meaning it’s got support from both sides of the aisle.
🔹 FIT21 Bill (House)
Already showing progress in the House, this broader digital asset bill complements GENIUS and pushes toward comprehensive crypto regulation.
Because without legal clarity, the U.S. is falling behind in the global digital asset race.
✅ Stablecoins power everything from DeFi to cross-border payments.
✅ A proper framework protects consumers and allows crypto innovation to thrive.
✅ Clear rules give startups and investors the confidence to build in the U.S. — not overseas.
Bottom line: The window is open — but not for long.
Congress needs to stop dragging its feet. Because while we debate, other countries are already writing the rules of tomorrow’s financial system.