Brian Armstrong urges Senate action on the GENIUS Act
@brian_armstrong: Armstrong urges Senate action
Brian Armstrong, the CEO and co-founder of Coinbase, is urging the US Senate to start discussions on the GENIUS Act, which aims to advance legislation related to stablecoins and market structure.
Armstrong expressed his strong support through a social media post, emphasizing the critical need for 60 votes in the Senate to initiate the debate. The GENIUS Act is expected to play a pivotal role in establishing a clear regulatory framework for digital assets, thus, benefiting the burgeoning cryptocurrency industry.
He also lauded the efforts in the House of Representatives to build on the momentum generated by the Financial Innovation and Technology for the 21st Century Act, known as FIT21. Both legislative chambers are seen as crucial in crafting policies that will define the future of digital currencies and their utilization.
Armstrong’s call to action is part of a broader movement within the cryptocurrency community advocating for regulatory clarity and industry growth. As digital currencies continue to gain traction worldwide, the legislative measures put forward by Congress could significantly shape the United States’ position in global crypto markets.
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In the previous news, tweet author Brian Armstrong discussed the future of cryptocurrencies.
