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Coinbase CEO Brian Armstrong has once again taken to social media to push for comprehensive crypto legislation in the United States. On May 6, 2025, Armstrong called on the U.S. Senate to open discussions on the GENIUS Act, a regulatory framework specifically targeting stablecoin issuers. The act, if passed with a minimum of 60 Senate votes, could provide the legal clarity the crypto industry has long been waiting for.
GENIUS Act: A Turning Point for Stablecoins
The GENIUS Act (Guaranteeing Essential National Innovation and U.S. Stability) is designed to create a transparent and enforceable regulatory structure for stablecoin issuers. Armstrong emphasized that this legislation is not just about safeguarding the crypto ecosystem, but also about preserving the United States’ competitive edge in digital finance.
He described the Senate vote as a “historic opportunity,” warning that any further delay could see the U.S. falling behind in crypto innovation. According to Armstrong, the absence of clear federal guidance has already led to confusion among investors, entrepreneurs, and institutions.
FIT21 Momentum Must Not Be Lost
Armstrong didn’t limit his appeal to the Senate. He also called on members of the House of Representatives to maintain the momentum generated by the FIT21 framework, which had previously passed with bipartisan support. By combining the GENIUS Act with the foundations laid by FIT21, Congress could deliver a robust and future-proof regulatory environment before the August legislative recess.
The integration of both frameworks would create legal cohesion across various digital asset sectors—not just stablecoins, but the broader decentralized finance (DeFi) landscape as well.
A Push for Regulatory Certainty and Investor Trust
This push from one of the most influential figures in crypto is part of a broader industry movement aimed at reinforcing investor protection, fostering innovation, and securing U.S. leadership in financial technology. The GENIUS Act offers long-term clarity not just for the stablecoin market but for the entire digital asset ecosystem.
In a landscape marred by regulatory ambiguity, Armstrong’s public advocacy sends a clear message: the time for action is now. Turkish NY Radio continues to track developments on Capitol Hill closely, as any legislative advancement could reshape how crypto is used, traded, and governed across the United States.
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