{"id":5182,"date":"2025-10-23T21:16:44","date_gmt":"2025-10-23T21:16:44","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/10\/23\/crypto-market-structure-bill-gains-bipartisan-momentum-as-coinbases-armstrong-says-were-90-there\/"},"modified":"2025-10-23T21:16:44","modified_gmt":"2025-10-23T21:16:44","slug":"crypto-market-structure-bill-gains-bipartisan-momentum-as-coinbases-armstrong-says-were-90-there","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/10\/23\/crypto-market-structure-bill-gains-bipartisan-momentum-as-coinbases-armstrong-says-were-90-there\/","title":{"rendered":"Crypto Market Structure Bill Gains Bipartisan Momentum as Coinbase\u2019s Armstrong Says \u201cWe\u2019re 90% There\u201d"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Crypto Market Structure Bill Gains Bipartisan Momentum as Coinbase\u2019s Armstrong Says \u201cWe\u2019re 90% There\u201d<\/a><\/p>\n

<\/div>\n

Even as Washington remains hobbled by a partial government shutdown<\/a>, momentum for U.S. crypto market structure legislation is quietly reaching new heights. <\/p>\n

Coinbase CEO Brian Armstrong says<\/a> the industry is \u201c90%\u201d of the way there, describing unprecedented bipartisan cooperation among senators working to finalize the long-awaited regulatory framework for digital assets.<\/p>\n

Armstrong, who spent this week meeting with both Senate Democrats<\/a> and Republicans, said the last few sticking points of the CLARITY Act<\/a> \u2014 including rules for decentralized finance (DeFi) and stablecoin rewards \u2014 are close to being resolved.\u00a0<\/p>\n

\u201cBoth sides are working hard to figure out the final 10%, and we\u2019re getting close,\u201d he said in a social media post. \u201cWe\u2019re bullish on getting a bill passed by year-end, and hopeful it\u2019s out of Committee by Thanksgiving.\u201d<\/p>\n

The Coinbase chief\u2019s optimism comes amid a surge of engagement between lawmakers and crypto executives<\/a>, marking one of the most serious bipartisan pushes to bring clarity to digital asset regulation since Congress first began debating the issue years ago.<\/p>\n

\n

JUST IN: Coinbase CEO Brian Armstrong says, \u201cThere is strong bipartisan support to get this market structure legislation done.\u201d pic.twitter.com\/Z8PI1OXDJc<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) October 23, 2025<\/a>\n<\/p><\/div>\n

Bipartisan crypto breakthrough in July<\/h2>\n

The legislation at the center of these discussions \u2014 the Digital Asset Market Clarity Act (CLARITY Act) \u2014 passed<\/a> the House of Representatives in July with a strong bipartisan majority of 294\u2013137.\u00a0<\/p>\n

The bill now sits before the Senate Banking Committee, chaired by Sen. Tim Scott (R-SC), with hopes it could advance to the Senate floor before the end of the year.<\/p>\n

In a CNBC interview<\/a> on Wednesday, Armstrong described \u201cvery productive\u201d meetings with senators from both parties, calling the level of collaboration a positive sign for the U.S. crypto industry.<\/p>\n

According to multiple people familiar with the meetings<\/a>, senior lawmakers including Senate Majority Leader Chuck Schumer (D-NY), Sen. Kirsten Gillibrand (D-NY), and Sen. Cynthia Lummis (R-WY) attended or participated in discussions with Armstrong and other crypto leaders such as Kraken co-CEO David Ripley, Uniswap Labs founder Hayden Adams, and Chainlink Labs\u2019 Sergey Nazarov.<\/p>\n

The CLARITY Act seeks<\/a> to end years of regulatory ambiguity by clearly distinguishing which digital assets qualify as securities<\/a> under the Securities and Exchange Commission (SEC) and which fall under the Commodity Futures Trading Commission (CFTC).<\/p>\n

Under the bill\u2019s framework, sufficiently decentralized networks would fall under CFTC oversight, while tokens with more centralized control or that function as investment contracts would remain under SEC jurisdiction.<\/p>\n

The legislation also introduces clearer rules for decentralized finance, secondary trading markets, and custody services \u2014 areas where the lack of uniform federal guidance has long frustrated both innovators and investors.<\/p>\n

DeFi and stablecoin legislation<\/h2>\n

Still, the final 10% of negotiations may prove the toughest. One of the key unresolved questions is how to regulate decentralized finance platforms.\u00a0<\/p>\n

Armstrong has urged lawmakers to focus oversight on decentralized intermediaries \u2014 such as interfaces or aggregators \u2014 rather than attempting to regulate open-source protocols themselves.<\/p>\n

Another area of tension involves stablecoin rewards, which Armstrong says<\/a> the banking lobby is working to eliminate. Coinbase and other industry advocates argue that consumers should be able to earn yield on regulated stablecoin holdings, similar to how traditional savings accounts pay interest.<\/p>\n

These debates underscore the competing visions within Congress: Democrats remain focused on preventing illicit finance and ensuring consumer protection, while Republicans emphasize innovation and competitiveness.<\/p>\n

Despite the bipartisan goodwill, the timing remains precarious. The ongoing government shutdown has slowed committee work and pushed back the formal markup of the bill. Some lawmakers, including Sen. John Kennedy (R-LA), have expressed<\/a> skepticism that the committee is ready to move forward, citing unanswered questions about regulatory authority and industry influence.<\/p>\n

Still, supporters say the momentum is undeniable. Sen. Lummis, who has long championed digital asset legislation, recently told attendees at the SALT Wyoming Blockchain Symposium that she expects the market structure bill to reach the president\u2019s desk \u201cbefore the end of the year \u2014 hopefully before Thanksgiving.\u201d<\/p>\n

This post Crypto Market Structure Bill Gains Bipartisan Momentum as Coinbase\u2019s Armstrong Says \u201cWe\u2019re 90% There\u201d<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Crypto Market Structure Bill Gains Bipartisan Momentum as Coinbase\u2019s Armstrong Says \u201cWe\u2019re 90% There\u201d Even as Washington remains hobbled by a partial government shutdown, momentum for U.S. crypto market structure legislation is quietly reaching new heights. Coinbase CEO Brian Armstrong says the industry is \u201c90%\u201d of the way there, describing unprecedented bipartisan cooperation […]<\/p>\n","protected":false},"author":0,"featured_media":5183,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5182","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5182"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5183"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}