Coinbase CEO Advocates for Swift Stablecoin Legislation Amid Regulatory Momentum

Coinbase CEO Brian Armstrong is urging U.S. lawmakers to expedite the passage of stablecoin and market structure legislation, leveraging the ongoing discussions around the FIT21 Act. Armstrong emphasizes the need for regulatory clarity in the digital asset space to foster innovation and stability. This push comes at a critical time as the cryptocurrency industry seeks definitive guidelines to navigate the evolving financial landscape.

Coinbase CEO Urges Congress to Fast-Track Stablecoin Legislation Before August

Coinbase CEO Brian Armstrong is pressing U.S. lawmakers to accelerate the passage of stablecoin and market structure bills, capitalizing on the momentum from the FIT21 Act discussions. Armstrong argues that swift legislative action is critical to provide regulatory clarity for digital assets.

The Financial Innovation and Technology for the 21st Century Act (FIT21), designed to delineate jurisdictional boundaries between the SEC and CFTC for crypto oversight, faced rejection in May 2024. However, renewed efforts in the House have reignited debates over its potential adoption.

Armstrong’s push underscores the industry’s growing impatience with regulatory ambiguity. "The time for deliberation is over," his statement implied, framing August as a soft deadline for progress. Stablecoins—often pegged to fiat currencies like the dollar—sit at the intersection of payments innovation and systemic risk, making them a focal point for policymakers.

Bitcoin Layer 2 Momentum Builds as Institutional Demand Accelerates

The Bitcoin Layer 2 narrative is gaining traction as institutional inflows into BTC show no signs of slowing. With nearly $40 billion in net inflows since January 2024, Bitcoin ETFs have opened the floodgates for capital deployment. Coinbase recently raised its BTC-backed loan limit to $1 million, signaling growing demand for Bitcoin-based financial products.

Market participants are increasingly questioning when Bitcoin will evolve beyond a simple store of value. The ’decoupling narrative’ has gained steam as BTC outperforms US equities, with 2025 potentially becoming the year of Bitcoin Layer 2 adoption. Bitcoin PEPE has emerged as an early leader in this space, focusing on developing new token standards and native infrastructure.