Coinbase CEO Backs Stablecoin Regulation Bill: What’s Next?

Brian Armstrong, CEO of Coinbase, has offered optimistic words regarding the upcoming vote on the GENIUS Act, a potential game changer for U.S. stablecoin regulation. His endorsement, coupled with bipartisan support and industry praise, positions the bill to become a real step towards regulating this massive market. The vote itself is set for June 11th. The GENIUS Act promises to establish clear federal guidelines for the issuance and backing of US-pegged stablecoins, a long awaited move that could dramatically transform how this $250+ billion industry operates.