In an important step to support the future of cryptocurrencies in the United States, Coinbase CEO Brian Armstrong urged Congress to expedite cryptocurrency bills before August 2025. This call comes at a critical time as the market needs a clear regulatory framework that ensures growth stability and enhances confidence in virtual assets.
In his post on X, Armstrong welcomed the House of Representatives' efforts to create momentum towards the FIT21 bill, which seeks to establish a strong and transparent regulatory framework that better regulates virtual assets, which is a necessary step for the future of this industry.
On the other hand, the White House is working on two important bills for stablecoins, namely the STABLE Act and the GENIUS Act. While the GENIUS bill is making notable progress, it faces opposition from some Democratic senators, complicating its passage.
Armstrong clarified that these projects are essential to ensure a legal and stable environment for investing in cryptocurrencies, emphasizing the importance of adopting laws that protect innovation and support the digital economy in the United States.
