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Coinbase CEO Breaks Silence on Critical Stablecoin Law

On May 6, 2025, Coinbase CEO Brian Armstrong called on Congress to promptly pass legislation addressing stablecoins and market frameworks in the U.S. Before the August recess.
Armstrong’s call follows evolving debates around the GENIUS and STABLE Acts, which face shifting political support and Senate Democrats’ recent opposition.
The GENIUS Act, introduced February 4, 2025, mandates stablecoins be fully backed by U.S. Dollars and proposes dual federal and state regulatory oversight.
Armstrong criticized rules that prevent stablecoin providers from offering interest to their users, warning that such restrictions could hinder progress and innovation within the digital asset sector.
The legislation’s passage could shape U.S. Stablecoin markets and regulatory frameworks, potentially influencing global standards and fostering clearer consumer protections.

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