TechFlow news, September 18 — According to Cointelegraph, Coinbase CEO Brian Armstrong expressed unprecedented optimism about the passage of the Cryptocurrency Market Structure Act following meetings held this week in Washington, D.C.
After meeting with lawmakers, Armstrong said: "There is strong support in the Senate to move forward. Bipartisan members I met with are ready to pass this legislation. I believe there is a significant chance it will pass—I’ve never been more bullish on the market structure bill. This is a fast-moving train leaving the station."
The bill aims to clarify the regulatory responsibilities of financial institutions such as the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission in overseeing cryptocurrency markets, particularly regarding tokenized stocks and non-stablecoin assets. Senator Cynthia Lummis previously predicted the bill would reach President Trump for signature before year-end.
Reportedly, executives from Ripple, Kraken, Circle, Cardano, and venture capital firms a16z, Paradigm, and Multicoin Capital also attended the meetings.
