Crypto investors in the United States may soon see clearer rules for the industry. Coinbase CEO Brian Armstrong says a major crypto “market structure bill” is now very close to passing. He believes lawmakers are almost done with the final details and the bill has strong support from both political parties.
Armstrong shared his thoughts after meeting many senators from both sides. He said the meetings went well and that both groups want to move forward. According to him, lawmakers agree on about 90% of the bill. They are now working through the last 10%, which covers a few complex points.
Why This Bill Matters
For years, crypto companies have asked for clear rules. Many firms say they do not always know which agency they must follow. Some tokens are treated like securities, while others are treated like commodities. This creates confusion and risk and the new bill aims to fix this. It explains which regulator handles which part of the crypto market. It also sets rules for exchanges, stablecoins, and trading platforms.
Armstrong believes this clarity will help both companies and regular users. With clear rules, more businesses can enter the market. Investors would also feel safer and more confident.
Crypto Bill Support Is Growing
According to Armstrong, both Democrats and Republicans understand the importance of digital assets. More companies are building using blockchain technology. While more people are investing and banks are exploring crypto services.
Because of this, lawmakers see the need for a clear legal framework and want the U.S. to stay competitive. Other countries, like the UAE and Singapore, already have strong crypto rules. For the U.S. to lead, Armstrong says, “we need to act now.”
Challenges Still Exist
Even though progress is strong, the bill is not guaranteed to pass. Lawmakers must still agree on rules for stablecoins and decentralized finance (DeFi). These areas are complex. Some worry about risk and consumer protection, while others fear too much regulation could slow innovation.
There is also the chance that other political issues could delay the bill. Congress often gets stuck on unrelated debates, which can slow progress.
The Road Ahead for Crypto Regulation
If the bill passes, the U.S. crypto industry could enter a new phase. Companies may launch more products and investors may also feel safer. Furthermore, additional institutions could enter the market. For now, the crypto community is watching closely. Armstrong says he is “optimistic,” but the final decision is in the hands of lawmakers.