- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Coinbase CEO Urges Swift Action on Crypto Bills as August Deadline Nears
By: cryptosheadlines|2025/05/07 14:00:07
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Coinbase’s CEO emphasized immediate congressional action to pass stablecoin and crypto market laws before the August 2025 recess.The Senate is reviewing the GENIUS Act while the House advances a successor to the previously rejected FIT21 legislation.Recent bipartisan momentum faces new opposition, with Senate Democrats citing national security and AML concerns in stablecoin debates.Coinbase CEO Brian Armstrong has urged Congress to fast-track two key cryptocurrency bills, one on stablecoins and another on market structure, before the legislative recess in August 2025. His call follows the revived momentum surrounding the FIT21 discussion draft circulating in the House.Through FIT21, the Financial Innovation and Technology for the 21st Century Act, the SEC and CFTC would gain enhanced clarity regarding their overlapping enforcement areas. Revisions to FIT21 were introduced in Congress after the Biden administration first dismissed the bill in May 2024. The new market structure bill outlines institutional boundaries for cryptocurrency oversight between regulators.Senate Focuses on GENIUS ActWhile the House works on the new market structure framework, the Senate is evaluating the GENIUS Act, a stablecoin bill requiring 60 votes to move forward. This legislation targets regulatory clarity for the stablecoin sector, which has grown to over $240 billion in market value. Stablecoins such as Tether and USD Coin are at the center of the debate.The GENIUS Act originally received bipartisan endorsement but nine Senate Democrats recently decided to revoke their support. The Democrats highlighted their opposition to the bill because it does not include enough regulation for anti-money laundering (AML) operations or national security protections. Industry pressure will face strong resistance that might prevent the bill from progressing.Parallel Action on STABLE ActMeanwhile, the House Financial Services Committee has advanced the STABLE Act with a 32-17 vote. However, the bill still requires full House and Senate approval to be enacted. Both the STABLE and GENIUS Acts aim to regulate stablecoins but differ in scope and progress.According to recent data from Nansen, Coinbase stands to benefit from the passage of stablecoin regulations due to its focus on compliance and lack of deep ecosystem entanglements. Armstrong has framed the moment as critical, stating that both chambers must act soon to ensure legal certainty for the U.S. crypto industry.Source link
You may also like
Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.
The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.
Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?
The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.
Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.
Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.
Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
AI chips have become a strategic asset more sensitive than missiles
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.
Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K
When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.
Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?
Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.
Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis
The future of competition is not only about whose model is bigger, whose computing power is stronger, but also about who understands the industry better, who can more deeply integrate AI into real processes, and who can organize these capabilities into a set of executable, scalable systems
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.
AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition
When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.
When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer
Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.
Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1
The real enemy is no longer each other, but zero cost itself
$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor
Bezos doesn't invest in a new model; he invests in a supply chain.
Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.
No brand, no marketing, let developers vote with their feet in 8 days
Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.
During a weekend of relentless volatility, while traditional financial markets were closed, another wave of investors was busy trading gold, oil, and silver on a blockchain platform.
Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.
The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.
Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?
The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.
Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.
Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.
App