Coinbase CEO Optimistic About Crypto Market Structure Talks

Coinbase CEO Brian Armstrong has expressed optimism about the ongoing talks in the US crypto market structure, aiming for a mutually beneficial outcome.

The proposed market structure bill is at the center of these discussions, with traditional banks supporting limits on stablecoin reward payments. However, Coinbase and other crypto firms have raised concerns about this provision, arguing that it could limit their ability to pass interest earned on reserves to users.

Armstrong noted that the objections from industry leaders prompted lawmakers and stakeholders to reopen discussions. He stated that cooperation between lawmakers and industry groups is ongoing, with a focus on producing a version of the bill that addresses concerns from both sides.