Coinbase CEO Brian Armstrong to work on market structure bill in Davos

Coinbase CEO Brian Armstrong announced he will continue working on the U.S. crypto market structure bill during the World Economic Forum in Davos, meeting with bank executives to resolve outstanding issues and create a win-win scenario. Armstrong aims to ensure stablecoins offer a level playing field for both crypto firms and traditional banks, and he plans to report these discussions to the Senate and the administration to push legislative progress. This effort follows Coinbase's recent withdrawal of support for the Senate's updated bill text due to concerns, particularly restrictions on stablecoin yield, which caused the Senate Banking Committee to postpone its markup hearing. Armstrong will also discuss how crypto can modernize finance and explore tokenization's potential with world leaders.

(Source：The Block)