Coinbase CEO expects market structure bill markup ‘in a few weeks‘

Coinbase CEO Brian Armstrong has stated that he expects the crucial congressional markup session for the U.S. crypto market structure bill to occur within the next few weeks. This timeline suggests rapid progress is being made by committees working to formalize regulatory guidelines for digital assets.

The legislation, primarily spearheaded by key members of the House Financial Services Committee (HFSC) and the House Agriculture Committee, is designed to create a clear regulatory framework in the United States. Its central purpose is to delineate the jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding the supervision of various digital asset categories.

Armstrong’s expectation reflects growing optimism within the industry that Congress is moving closer to resolving the regulatory ambiguity that has often been cited as a hindrance to innovation in the U.S. crypto sector. A successful markup would prepare the bill for a full committee vote, bringing it closer to establishing formal consumer protection standards.

Source: Coinbase CEO expects market structure bill markup ‘in a few weeks‘