TechFlow news, on May 20, Coinbase co-founder and CEO Brian Armstrong said on social media that the U.S. Senate overcoming the first procedural hurdle for the GENIUS Act is "a huge win for the future of cryptocurrency and on-chain innovation in America." The bill received support from 16 Democratic and Republican senators, marking a significant milestone in stablecoin legislation. Armstrong specifically thanked all senators who voted in favor of the bill. Coinbase Chief Policy Officer Faryar Shirzad also called it a "historic early victory," demonstrating that cryptocurrency has become one of America's biggest bipartisan issues.
Add to Favorites
Share to Social Media
