Coinbase CEO Brian Armstrong Pushes for Stablecoin Legislation Approval

# Coinbase CEO Brian Armstrong Pushes for Rapid Approval of Stablecoin Legislation On October 14, as reported by U.Today, Coinbase CEO Brian Armstrong urged Congress to swiftly approve legislation regulating stablecoins. Armstrong highlighted that a crucial vote on the stablecoin bill is set for tomorrow. Brendan Pedersen from Punchbowl News indicated that the atmosphere surrounding the stablecoin legislation has recently experienced notable changes. The final version of the bill is anticipated to be distributed to Senate officials today. Senate Minority Leader Chuck Schumer engaged in discussions with Democratic lawmakers earlier today about the bill's details. However, significant disagreements persist regarding the voting procedure for the legislation. Senate Republicans are reportedly advocating for a vote to occur this week, a timeline that might not align with the preferences of Democrats. # Significance of Market Structure Legislation If the stablecoin bill successfully passes the Senate, U.S. lawmakers will then focus on another crucial piece of cryptocurrency legislation: the market structure bill. Armstrong stressed the importance of this forthcoming legislation, noting that it is even more critical than the stablecoin bill. “We’ve had numerous meetings with Senators and House members. There’s a high level of optimism about turning this into reality,” Armstrong emphasized.