Coinbase CEO Projects Major Crypto Regulatory Breakthrough by Thanksgiving

In a significant development for the digital asset industry, Coinbase CEO Brian Armstrong has revealed substantial bipartisan momentum building in the Senate for comprehensive cryptocurrency market structure legislation. Speaking from recent high-level discussions with Senate Democrats, Armstrong expressed confidence that the proposed bill could achieve passage by Thanksgiving 2025, marking what would be the most substantial regulatory clarity for the crypto sector since the landmark GENIUS Act. The legislation, which has garnered unexpected cross-party support according to Armstrong's assessment, aims to establish clear regulatory frameworks that would accelerate institutional adoption while providing much-needed certainty for market participants. This regulatory breakthrough comes at a crucial juncture for the cryptocurrency ecosystem, as traditional financial institutions have been increasingly signaling interest in digital asset exposure but have cited regulatory ambiguity as a primary barrier to entry. Armstrong's optimism follows an extensive crypto roundtable discussion where he noted remarkable consensus among Senate Democrats on the majority of bill-related issues, suggesting that the political landscape for cryptocurrency regulation may be shifting more rapidly than previously anticipated. The proposed market structure bill is expected to address key areas including digital asset classification, trading venue regulations, and investor protection measures - all critical components for building institutional confidence in cryptocurrency markets. Coinbase, as one of the largest and most regulated cryptocurrency exchanges globally, has been actively advocating for such regulatory clarity, warning that without proper frameworks, the United States risks falling behind other jurisdictions in the rapidly evolving digital asset space. The timing of this potential legislative victory aligns with growing institutional interest in cryptocurrency, as major asset managers and financial institutions have been increasingly exploring digital asset offerings for their clients. Market analysts suggest that successful passage of this legislation could trigger a new wave of institutional capital flowing into cryptocurrency markets, potentially catalyzing the next phase of market maturation and mainstream adoption. As the Thanksgiving deadline approaches, industry participants will be closely monitoring the bill's progress through committee hearings and floor votes, with many viewing this as a watershed moment for the entire cryptocurrency ecosystem.

Coinbase CEO Foresees Bipartisan Push for Crypto Market Structure Bill

Coinbase CEO Brian Armstrong reports strong bipartisan support in the Senate for a crypto market structure bill, with potential passage by Thanksgiving. The legislation, mirroring the impact of the GENIUS Act, aims to provide regulatory clarity and foster institutional adoption.

Armstrong's Optimism follows a crypto roundtable with Senate Democrats, where he noted consensus on most bill-related issues. Coinbase warns, however, against overly restrictive DeFi provisions that could stifle innovation.

Crypto Caught in Political Crossfire as Market Rebounds

Digital assets are becoming a political battleground in Washington, with Senate Democrats accusing Republicans of exploiting the crypto industry for partisan gain. The tension surfaced during a closed-door meeting where Senator Ruben Gallego warned executives from Coinbase, Solana, and Ripple against becoming "an arm of the Republican Party."

Meanwhile, Bitcoin climbed to $109,500 amid a broader market recovery, with major cryptocurrencies gaining 1-2%. BlackRock reaffirmed its focus on Bitcoin and ethereum despite the growing ETF landscape, while Polymarket and Kalshi announced funding rounds at $15 billion and $10 billion valuations respectively.

Andreessen Horowitz's 'State of crypto 2025' report highlights emerging industry trends, as MegaETH launches a $5 billion FDV public ICO auction. The Meteora project's MET token airdrop went live this morning, adding to the flurry of activity.

Coinbase Unveils Autonomous AI Trading System for Cryptocurrencies

Coinbase has introduced Payments MCP, a groundbreaking protocol enabling AI agents to autonomously execute cryptocurrency transactions. The system, announced on October 23, 2025, allows large language models like Claude and Gemini to interact directly with blockchain wallets and DeFi services through natural language processing.

Developed under Coinbase's x402 initiative, the technology eliminates the need for API keys, providing AI systems with seamless access to on-chain tools. This represents a significant leap in merging artificial intelligence with decentralized finance, solving the long-standing challenge of AI's inability to directly manage financial transactions.

The innovation could potentially reshape crypto markets by enabling algorithmic trading at unprecedented scale and speed. Payments MCP supports various blockchain operations including token swaps, staking, and payments, all executed without human intervention.

Controversy Surrounds Jesse Pollak's Aggressive Promotion of ZORA on Base

Jesse Pollak, a contentious figure in the crypto space, faces mounting criticism for his relentless promotion of ZORA on social media. The platform, which entered the creator-content market late, has garnered attention due to Coinbase Ventures' participation in its funding rounds, including a $50 million venture round that valued ZORA at $600 million. Pollak frames ZORA's mission around tokenization, but skeptics argue the push is more about recouping investments than advancing a transformative vision.

Critics accuse Pollak of shilling ZORA to justify Coinbase and Base's financial commitments, which currently hover NEAR break-even at full diluted value. The strategy has drawn ire from the community, with some questioning the broader 'tokenize everything' narrative championed by Coinbase. Pollak's history of aggressive social media campaigns adds fuel to the fire, raising concerns about his role as the face of Base.