Coinbase CEO will participate in the drafting of the market structure bill in Davos

Coinbase will continue to advance the U.S. crypto market structure bill during this week's World Economic Forum and meet with several bank CEOs to discuss how to achieve a win-win situation.

It pointed out that stablecoins should provide a level playing field for crypto companies and traditional banks, and will provide feedback on the discussion progress to the Senate and the government. Previously, due to the bill's draft proposing to prohibit crypto companies from paying interest on idle stablecoin balances, Coinbase withdrew its support for the bill. In addition, Brian Armstrong will also engage with global leaders on the potential of crypto to update the financial system and tokenization in capital markets.