Bipartisan Crypto Legislation Nearly Complete, Senate Disagreements on DeFi Postpone Final Decisions
- Coinbase CEO Brian Armstrong claims U.S. crypto legislation enjoys 90% bipartisan support, with key bills like CLARITY Act nearing Senate approval by year-end. - Political tensions persist over DeFi regulation and stablecoin oversight, with Senate deadlines looming and Trump-backed crypto projects facing scrutiny from Warren and Tillis. - Coinbase partners with Citi to expand stablecoin-driven institutional payments, aiming to modernize global finance through cross-border digital asset solutions. - Stabl
Brian Armstrong, CEO of Coinbase Global Inc. (NASDAQ: COIN), has reiterated his strong belief in the progress of U.S. crypto legislation, stating that bipartisan agreement on major bills is "90% complete" and may be finalized before the year ends, as reported by
While the CLARITY Act has passed the House and now awaits Senate discussion, the GENIUS Act—which governs dollar-backed stablecoins such as
Coinbase's efforts go beyond advocacy. The company has recently teamed up with Citi to investigate the use of stablecoins for digital payments among institutional clients, positioning crypto and stablecoins as "tools to modernize the global financial system," as mentioned in
Stablecoins are significantly transforming the cryptocurrency sector. Data shows that stablecoin transaction volumes reached $4 trillion by August 2025, with retail usage increasing by 125% year-over-year, according to
Despite regulatory challenges, Coinbase shares have climbed nearly 30% since the start of the year, trading at $322.71 as of October 27, according to Benzinga. The stock saw further gains after the Citi partnership announcement, reflecting growing investor trust in Coinbase's expanding digital asset platform. However, obstacles persist: partisan disagreements over DeFi and token definitions continue to delay comprehensive reforms, as discussed in
As the U.S. works to establish clear regulations, global rivals like the EU with its MiCA rules are advancing, and with stablecoins linking traditional and digital finance while political timelines tighten, the future of the crypto sector will depend on finding the right balance between innovation and regulation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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