- Brian Armstrong posted on X, welcoming the efforts of the house to create the Fit21 momentum.
- Currently, the White House has two stable invoices in progress, the stable act and the law on engineering.
Coinbase chief executive, Brian Armstrong, said Congress should advance bills on stablescoin and market structure. He also hoped to adopt the bill before August 2025.
The CEO asked for immediate action at the congress thanks to his recent post on the progression of his plans for legislation of the Stablecoin and the Market structure. According to him, the momentum created thanks to the discussion around the momentum of Fit21 in the House goes further.
Speaking of Fit 21, it is known as financial innovation and technology for the law of the 21st century. It is a bill in America by focusing on the clarification of the regulatory framework for virtual assets, mainly cryptocurrencies. He also specifies if the dry or the CFTC has competence on the crypto.
However, the bill was rejected in May 2024 within the framework of the government of Biden; The political decision -makers of the Chamber took it once again by the publication of a bill on the market structure, targeting clear limits for the crypto.
Democrats concerned with anti-flowage
Today, Armstrong Posted on X welcoming the efforts of the house to create the momentum Fit21. The two chambers of the Chamber are required to act now and hope to adopt legislation before August 2025.
In the current scenario, the Senate reflects on the Act on Engineering, a bill focused on the legal clarity of the Stablescoin market which is estimated at 240 billion dollars in market value with heavy goods vehicles such as Attached And the USD part being in leadership.
To bring the bill to the next legislation phase, around 60 votes are necessary. Regardless of obtaining bipartite support, the bill was countered by nine Democrats in the Senate. Democrats have declared that they will not support the Historical Stablecoin Bill concerning anti-flange guarantees and national security.
Currently, the White House has two stable invoices in progress, the stable act and the law on engineering, advancing the latter.
Highlighted the news of cryptography today:
Binance joins Kyrgyzstan to build an cryptographic payment infrastructure
