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TechFlow news, May 6 — Coinbase CEO Brian Armstrong today stated that Congress faces a critical moment this week to advance stablecoin and market structure legislation. The Senate is currently reviewing the GENIUS Act, which requires 60 votes to begin debate. Meanwhile, the House is advancing its work based on the FIT21 framework. Armstrong emphasized that both chambers must accelerate their efforts to ensure comprehensive legislation passes before August.
Coinbase CEO Brian Armstrong posted today stating that Congress faces a critical moment this week to advance stablecoin and market structure legislation. The Senate is considering the GENIUS Act, which requires 60 votes to begin debate. Meanwhile, the House is moving forward on a framework based on FIT21. Armstrong emphasized that both chambers need to accelerate their efforts to ensure comprehensive legislation passes before August.
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