Coinbase CEO Brian Armstrong is once again urging clear cryptographic regulations, urging US lawmakers to pass clarity and genius as soon as possible. In a new post, Armstrong mentions the 52 million Americans who currently own cryptography, saying he is relying on Congress to “get this right.”
His comments come after a major advance in Crypto law. This is a Genius Act, which aims to regulate Stablecoins, heads towards the Senate floor.
A comprehensive regulatory framework for all types of digital assets is needed. Congress should pass clear actions to the law along with genius. 52 million American crypto owners rely on it. https://t.co/mxojxoxq0z
– Brian Armstrong (@brian_armstrong) June 13, 2025
Andreessen Horowitz partner Chris Dixon supported the urgency of Armstrong and explained what the genius bill would achieve: consumer protection, long-term incentives for US builders and investors, and the legal structure that maintains Crypto Innovation Stateside.
If everyone wants a better internet then the future is to build a blockchain network in the US, says Dixon.
The private sector is not waiting
Shopify has just introduced USDC payment support. This means that customers can now check out on Coinbase’s base network with Stablecoins. Stripe will take care of the backend that converts USDC to Fiat and settles in merchant bank accounts in 34 countries.
In addition to the circle’s IPO earlier this month, stock prices were surged by 347%, with analysts saying the clarity of the regulations can charge US-based crypto companies.
Meanwhile, Tether keeps his eye on the EU. There are a lot of new rules in the EU.
With large platforms currently using Stablecoins and the law keeping up, the Crypto market is gearing up for a new era.
So the message is pretty clear – clear regulations are needed to get in the right way in this era.
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