Brian Armstrong, the CEO of the cryptocurrency exchange Coinbase, reported significant progress in negotiations with the US Congress regarding the establishment of a legislative framework for digital assets. According to him, the work on the bill is already 90% complete, and representatives from both parties are actively working on the final details.
This is reported by Business • Media
The bill is nearly ready: what to expect
Armstrong emphasized that despite the ongoing shutdown in the US, the initiative to create clear rules for the digital asset market has reached a record level. He noted that both political parties in the Senate are eager to finalize the bill. Armstrong also shared his expectation that the document could be reviewed in the relevant Congressional committee by Thanksgiving, which falls on November 27 this year.
“I have met with senators from both parties, and they are determined to see this through,” Armstrong stated.
Coinbase’s priorities: legal certainty for the market
He stressed that Coinbase continues to actively lobby for the implementation of legislative norms that will ensure legal certainty for DeFi protocols, secure users’ rights to earn rewards in stablecoins, and establish transparent rules for the operation of crypto companies in the US. Armstrong expressed confidence that the bill could be passed by the end of 2025.
It is worth noting that the shutdown in the US has been ongoing since October 1, 2025, and the Senate has already rejected a temporary funding bill for the tenth time that would allow federal agencies to resume operations.