Coinbase CEO calls on Congress to advance stablecoin and market structure legislation

According to Foresight News, Coinbase CEO Brian Armstrong tweeted that this week is a crucial opportunity for Congress to push forward legislation on stablecoins and market structures. He strongly supports the Senate initiating debate on the GENIUS bill, which requires 60 votes to pass. We also welcome the House of Representatives to continue its efforts on the basis of FIT21. Both houses need to take immediate action to pass comprehensive legislation before August, "Foresight News noted. The GENIUS bill is a piece of legislation proposed by the US Senate aimed at establishing a clear regulatory framework for payment based stablecoins.