Brian Armstrong, CEO of Coinbase, emphasized the need for a comprehensive regulatory framework for digital assets in Congress. He called for the urgent passage of the CLARITY Act and the GENIUS Act to provide much-needed clarity and protection for 52 million American crypto owners.
The CLARITY Act aims to define regulatory roles between the SEC and CFTC, while the GENIUS Act seeks to create a federal framework for stablecoins. As the crypto market reacts to Bitcoin’s decline, these legislative efforts could impact future regulations and the management of digital assets.
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