Coinbase CEO: The market structure bill is 90% finalized and is expected to pass before the end of the year

ChainCatcher news, Coinbase CEO Brian Armstrong posted on the X platform stating that despite the ongoing government shutdown in the United States, the momentum for clarifying the market structure bill is unprecedented. He has communicated with Senate Democrats and Republicans who hope to complete this work, and the bill is 90% finalized, with all parties working to determine the final 10%, and they are close to the goal.

Brian Armstrong added that Coinbase will advocate for clear rules to protect innovation in the DeFi space and the rights of users to earn rewards in stablecoins. He is optimistic that the bill can be passed by the end of the year and hopes it can be submitted for review before Thanksgiving.