The CEO of the cryptocurrency exchange Coinbase, Brian Armstrong, reported significant progress in the development of legislative initiatives regarding the regulation of the digital asset market in the US. According to him, the bill aimed at establishing a clear market structure for cryptocurrencies is already 90% complete.
This is reported by Finway
Final Stages of Negotiations in Congress
Armstrong noted that Democrats and Republicans in Congress are actively collaborating to finalize the remaining 10% of the bill. Both parties, according to the Coinbase leader, are determined to complete the process and reach a compromise on contentious provisions.
“I have met with senators from both parties, and they are committed to seeing this through,” Armstrong stated.
The document is expected to be reviewed in the relevant congressional committee by Thanksgiving, which will be celebrated on November 27, 2025. Armstrong predicts that final approval could occur by the end of the current year.
Prospects for DeFi and the Cryptocurrency Market
The CEO of Coinbase emphasized the importance of legislative regulation for the further development of the industry. He highlighted that the company continues to lobby for initiatives that will ensure legal clarity for decentralized finance protocols (DeFi), secure users’ rights to receive rewards in stablecoins, and establish transparent rules for the operation of crypto companies in the US.
It is worth noting that as of October 1, 2025, the US is experiencing a shutdown—federal government agencies remain closed due to a failed vote on temporary funding. The Senate has already rejected the corresponding bill for the tenth time, complicating the approval of new legislative initiatives, including those in the field of digital assets.