Coinbase CEO Advocates for Urgent Stablecoin Legislation Amid Congressional Timeline

Coinbase CEO Brian Armstrong is pressing U.S. lawmakers to pass stablecoin legislation before Congress’ August recess, leveraging recent momentum from the FIT21 bill’s House approval. The call highlights the growing urgency for regulatory clarity in the crypto sector, particularly around stablecoins.

Coinbase CEO Urges U.S. Lawmakers to Pass Stablecoin Bill

Coinbase CEO Brian Armstrong has intensified calls for U.S. legislators to advance stablecoin legislation, citing a narrowing window for action before Congress’ August recess. The push follows recent momentum from the FIT21 bill’s passage in the House, with Armstrong now urging the Senate to debate the proposed GENIUS Act.

Regulatory clarity for stablecoins has emerged as a critical battleground for crypto policy, with industry leaders framing the issue as essential for both consumer protection and technological innovation. The dual-track legislative approach reflects growing political engagement with digital asset frameworks, though the 60-vote threshold in the Senate remains a significant hurdle.

U.S. Bitcoin Whales Might Be Selling—Key Signal Suggests More Price Drop For Bitcoin

Bitcoin faces renewed pressure as U.S. investors appear to drive selling activity. The Coinbase Premium Gap, a critical metric, has turned negative, signaling heightened selling pressure from American whales. This shift aligns with Bitcoin’s ongoing price correction, raising questions about further downside potential.

On-chain analyst Abram Chart notes Bitcoin is trading at lower prices on Coinbase compared to global exchanges—a pattern historically associated with U.S. investor sell-offs. The premium gap’s recent deterioration mirrors Bitcoin’s price trajectory, suggesting institutional players may be reducing exposure.