COO of Coinbase Brian Armstrong said the critical law to advance the US crypto has “a good chance to do” after witnessing the strong support of the bipartisan for the Crypto Market structure bill this week.
The Digital Asset Market Clarity Act aims to clarify the duties of the Securities and Exchange Commission, the Commodity Futures Trading Commission and other financial agencies that regulate the crypto market, especially non-stablecoins such as tokenized stocks.
After meeting with lawmakers in recent days, Coinbase CEO Brian Armstrong said: “This is how we make sure the crypto industry can be built here in America, driving change and protecting consumers, and ensuring that we have no other Gary Gensler who tries to take your rights.”
“The Senate strongly supports doing so; the members I met on either side of the aisle were ready to pass this law,” Armstrong said in a video posted to X, mentioning that the DRAFT Bill was exchanged back -back before it went to industry participants for public input.
“I think this is a good chance to do. I really didn’t become more bullish in the market structure (Bill) that had passed, it was a train shipment leaving the station.”
I was in DC for the last few days working to get a market structure law passed for crypto. This is how we make sure that the crypto industry can be built here in America, driving change and protecting consumers, and ensuring that we have no other Gary Gensler trying to get your… pic.twitter.com/uqch8jcnu8
– Brian Armstrong (@brian_armstrong) September 18, 2025
Senator Cynthia Lummis foretold earlier this month to get The Clarity Act President Donald Trump’s desk to sign before the end of the year.
Among other crypto representatives Reported At attendance were executives from ripple, kraken, circle, cardano and tech-focus venture capital firms A16z, paradigm and multicoin capital.
The bill should prioritize protecting the builders: Kraken Boss
Kraken CEO Arjun Sethi Says His contributions to the discussion of the circle focused on how the market structure bill can support crypto products and services in a way that benefits its builders as a priority.
“Thanks to everyone who fights DC for the future of crypto. But the real fight is greater: protects the right to build protocols, chains, memes, tokenized equities, commodities, utilities, etc. and ensure incentives to stay with builders, not just incumbents.”
Armstrong also added that lawmakers will not allow the banking industry attempt to inhibit interest in Stablecoins. Midstation traditional banking model, that depends on attracting deposits with high-interest products saving to fund loans.
Banking groups have already tried to ban interest in stablecoins in Genius ActBut unsuccessful, Armstrong mentioned.
Bitcoin Reserve Bill also gets momentum
It appears to have been a productive week at Capitol Hill.
US lawmakers also met on Monday with 18 Bitcoin leaders, including Strategy Chairman Michael Saylor, To discuss how Congress can move forward with the Trump administration Strategic Bitcoin Reserve.
Related: SEC, GEMINI TRUST REACH AGREEMENT OVER CRYPTO LENDING Dispute
Saylor and her peers built ideas on how Cynthia Lummis sponsored Bitcoin Act can be passed, and see the US government get a million bitcoin over the next five years to Neutral budget techniques.
Among Neutral budget techniques floating up to this day is the re -review of Treasury’s gold certificates and Income a tariff.
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