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Key Points: Coinbase CEO declares 90% progress on US crypto market bill. Bipartisan support fosters optimism for year-end passage. Focus on protecting DeFi innovation and stablecoin rewards. Coinbase CEO Brian Armstrong announced on X that bipartisan efforts have 90% completed a US crypto market structure bill, aiming for completion by year’s end. This legislative push could impact US-based DeFi tokens and stablecoin rewards, signaling potential market shifts and regulatory clarity. Coinbase Reportedly Nears 90% Completion on Crypto Bill Brian Armstrong, CEO of Coinbase, reported significant progress regarding the US crypto market structure bill. On October 23, Armstrong met with Senate Democrats and Republicans, noting that the bill is 90% complete. He is confident in passing the bill by year’s end, potentially ready for review before Thanksgiving. Coinbase aims to protect innovation within the DeFi sector along with ensuring rights to stablecoin rewards for users. There is increased hope for creating a legislative framework that supports these sectors, as depicted by the current bipartisan momentum surrounding this bill. “Momentum for market structure clarity is at an all-time high, even if Washington, D.C., is currently in recess. I sat down with Senate Democrats and Republicans who want to get this done—we’re 90% there. We’re bullish on getting a bill passed by year-end, and hopeful it’s out of Committee by Thanksgiving.” — Brian Armstrong, CEO, Coinbase. Reactions among industry leaders are varied; Summer Mersinger of the Blockchain Association expressed concerns over potential restrictions on decentralized finance. Armstrong stressed the importance of clarity, asserting that pro-crypto clarity benefits everyone. Legislative Progress May Boost Crypto Institutional Investment Did you know? Significant legislative efforts like the EU’s MiCA have historically led to increased trading activities in related tokens, potentially creating short-term market upticks when privacy and protocol clarity advance. Ethereum (ETH) currently trades at $3,871.70, with…

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Filed under: News - @ October 24, 2025 1:25 am