Coinbase CEO: The crypto market structure bill has a great chance of being passed

ChainCatcher news, according to Cointelegraph, Coinbase CEO Brian Armstrong stated that after participating in a conference held this week in Washington, D.C., he has never been more optimistic about the passage of the crypto market structure bill. After meeting with lawmakers, Armstrong said, "The Senate is strongly supportive of moving this forward, and the bipartisan lawmakers I met with are ready to pass this legislation. I think there is a great chance of it being passed; I have never been so optimistic about the passage of the market structure bill. It's a speeding train leaving the station."

The bill aims to clarify the responsibilities of financial institutions such as the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission in regulating the cryptocurrency market, particularly concerning non-stablecoin assets like tokenized stocks. Senator Cynthia Lummis previously predicted that the bill would reach President Trump for signing by the end of the year. Reports indicate that executives from Ripple, Kraken, Circle, Cardano, as well as venture capital firms a16z, Paradigm, and Multicoin Capital also participated in the meeting.