CEO COINBASE PUSE CONGRESS TO DELIVERY FOR ANY ORDER BEFORE AUGUST

CEO Coinbase Brian Armstrong says Congress needs to quickly improve the accounts for stablecoin and market structure in the middle of the current moment in the hope that they will both go before August.

In a recent post, the Coin The General Manager called for the current action of Congress in improving her Stablecoin and draft structure in the market. He believes that the swing is built with a discussion around in the Fit21’s in the house, will further launch an account.

FIT21 or financial innovation and technology for the act of 21. The century account is in United States This aims to clarify a regulatory framework for digital property, especially cryptocurrency. It was intended to clarify whether SEC or CFTCs are competent on the crypt.

While it was discarded In May 2024. Under the bunner, the house recently revived the draft discussion draft a market structure, which is basically the successor of FIT21, aimed at placing clear borders for CIPTO.

“We also welcome home efforts to build at the time of Fit21. Both chambers must act now if we hope to convey comprehensive legislation in law in August,” Armstrong said in his mail.

Currently, the Senate is currently thinking about Genius law, the law is designed to make legal clarity at Steblekoin Market, which now presents more than $ 240 billion market value, with heavy weight like heavy weight on heavy weight (USDTT) and the USD of USD (USDC) Leading charge. At least 60 votes need to be transferred to the next phase of legislation.

Despite initially separating bipartic support, the account was recently received push-back Of the nine Democrats of Senates who declared that a significant account for Stablecoin, due to concern about what they perceived as a lack of money laundering and state protective protection of national security.

Earlier, the main industries such as Satoshi ACT Fonde Co-founder Dennis Porter and the President of the United States Installation Committee on banking, housing and urban affairs Senator team SCOTT, and each other predicted That law on the crypt on the market will be formalized in the law at least 2025. years.

So far, a white house is during two laws on Stablecoin, a stable act and a genius act, and the latter is moving forward.

3. April 2025. year, a stable act has passed through the Committee for Financial Services Commission to celebrate the hearing of voting from 32-17. However, it still needs to go through representative houses, and then the Senate before it can become the law.

According to Nansen reportCoinbase is one of the companies that will benefit the most of the regulations on Stablecoin, because the company is already focused on compliance and not attached to any strong ecosystems.