Coinbase CEO Sees Progress in US Crypto Regulation Talks

Coinbase CEO Brian Armstrong has signaled significant progress in US crypto regulation talks. Speaking at the World Liberty Forum and later on CNBC, he noted that lawmakers and industry leaders have resumed negotiations on market structure legislation.

The proposed US market structure bill has been a contentious issue, with earlier drafts including limits on stablecoin reward payments. Traditional banks supported these limits to protect their deposit bases, while crypto firms raised concerns about the provision. Coinbase objected to restrictions on issuers passing interest earned on reserves to users.

Armstrong emphasized that cooperation between lawmakers and industry groups is ongoing. He stated that the goal is a 'win-win-win' outcome for crypto firms, banks, consumers, and President Donald Trump's agenda. The talks aim to produce a revised bill that addresses concerns from both sides.