Coinbase CEO Pushes for Stablecoin Legislation Before August

By BUDDY JEWEL | MAY 06, 2025

Brian Armstrong Calls for Urgent Congressional Action

[{"selector":"#anim-b7cee9be-540c-454f-979b-44d816c09cc7","keyframes":{"opacity":[0,1]},"delay":600,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d06f7693-3114-4273-a934-f5fb5ab6208c","keyframes":{"transform":["translate3d(-115.84159%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-591d97f8-4a19-405f-a0e5-82e78eff08c4","keyframes":{"opacity":[0,1]},"delay":200,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-024e13c2-28c6-44a0-8632-2e93d778e3dc","keyframes":[{"offset":0,"transform":"translate3d(0, -439.48156%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -123.582214672%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -42.014437136000005%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -15.777388004%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -6.855912335999999%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] Coinbase’s CEO wants stablecoin and market structure bills passed before the August recess, citing momentum from FIT21 discussions in the House.

What Is FIT21?

[{"selector":"#anim-02d4ce73-2248-4d6b-80af-1afae29e91af","keyframes":{"opacity":[0,1]},"delay":800,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9456d568-bb4c-474c-9073-25aa80a704ac","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-cbb811c5-0b81-4511-8781-89f828daab2c","keyframes":{"opacity":[0,1]},"delay":600,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbbe7ede-e972-4a37-b53c-bdf4b2147b46","keyframes":{"transform":["translate3d(-113.20132%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":1600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Financial Innovation and Technology for the 21st Century Act aims to clarify regulatory roles for the SEC and CFTC in crypto oversight.

FIT21 Revival Spurs New Draft Bill

[{"selector":"#anim-1b22c29c-c498-44b4-b7b2-53374bae72f8","keyframes":{"opacity":[0,1]},"delay":800,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bfcaedbc-d9ad-45ce-8d71-9a5427d040e0","keyframes":[{"offset":0,"transform":"translate3d(0, -255.15876%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -71.75064331200001%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -24.393177456%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -9.160199484%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -3.980476656%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] [{"selector":"#anim-95a16b10-50ab-45e6-9985-b000cf9db197","keyframes":{"transform":["translate3d(-103.94737%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4031b10e-04d1-4f9b-b14c-ecfb1d8f9097","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1af3675-7092-46ff-b6f3-c617e450a36f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d46b8e79-0969-427d-99b2-884fcbe8a55c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be40b539-4e81-4a0e-b877-eabfcfb200df","keyframes":{"transform":["translate3d(0px, 2547.22474%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Though initially rejected in 2024, a new draft market structure bill has revived hope for formal crypto rules in Congress.

Industry Leaders & Reports Align with Coinbase

[{"selector":"#anim-f8696b48-8130-4f48-870b-36da51b5c657","keyframes":{"opacity":[0,1]},"delay":800,"duration":1600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4ac0f1e-a9c9-4fc2-94b9-4b1c0927f893","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7cc2ec22-ca6b-4ad9-b76f-5585f4edde61","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-98bd625b-56ac-47c6-8bee-5daacaf6bcd8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Figures like Sen. Tim Scott support 2025 legislation. A Nansen report says Coinbase is well-positioned to benefit from stablecoin rules.

For More Stories!

[{"selector":"#anim-312d8025-2d25-457c-a7b1-ffb03f803985","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1109eb97-dc2f-4f6b-b3d0-ba5945ea46e9","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5e98ed5-5b44-418a-8760-e2da31845ff9","keyframes":{"transform":["translate3d(188.88886%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15cefc63-d3b2-4bdc-a623-8a5c57917b8c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf8e4eec-c210-4103-a2f1-0ce3faecaee3","keyframes":{"transform":["rotate(-8deg) translate3d(-181.8182%, 0px, 0) rotate(8deg)","rotate(-8deg) translate3d(0px, 0px, 0) rotate(8deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-09d329c0-5797-4bb8-b003-d97a4ce598e1","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d6236dc-8d3b-46ed-8009-9d98efe6c255","keyframes":{"transform":["translate3d(-148.27585%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-190028f9-b392-4ce9-9bfb-230203efe8b2","keyframes":{"transform":["translate3d(153.44826%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e98d2177-76d9-4b5c-9f03-675c1647eb2f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a51e1245-5572-4b3b-88e8-326d16307aa7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-60942854-f7ac-4f72-a24d-c248eca2f666","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7cc95801-2be6-47b0-bc2e-db4a45b45a0d","keyframes":{"transform":["rotate(-8deg) translate3d(184.09095%, 0px, 0) rotate(8deg)","rotate(-8deg) translate3d(0px, 0px, 0) rotate(8deg)"]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-09a30886-8d9a-416b-b93d-b1be407e5867","keyframes":[{"offset":0,"transform":"translate3d(0, -321.65528%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -90.44946473600001%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -30.750244768%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -11.547424552%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -5.017822368%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] Next steps

Coinbase CEO Pushes for Stablecoin Legislation Before August

Brian Armstrong Calls for Urgent Congressional Action

What Is FIT21?

FIT21 Revival Spurs New Draft Bill

Renewed Hope for Legislation

Industry Leaders & Reports Align with Coinbase

Industry Backing & Coinbase Advantage

For More Stories!

Visit our Website

Stay updated