Coinbase CEO Urges Congress to Pass GENIUS Act for Stablecoin Clarity

In a recent social media call to action, Coinbase CEO Brian Armstrong has urged the U.S. Senate to prioritize the passage of the GENIUS Act. This legislation aims to establish a clear regulatory framework for stablecoin issuers and address the longstanding lack of federal guidance in the crypto industry. The act’s successful passage would provide much-needed clarity to investors, entrepreneurs, and institutions alike, potentially preventing U.S. lagging behind other nations in innovation.