Crypto Is Gaining Momentum In Washington: Coinbase's Armstrong Says "We're 90% There"

""Both sides are working hard to figure out the final 10%, and we're getting close," "We're bullish on getting a bill passed by year-end, and hopeful it's out of Committee by Thanksgiving."

""There is strong bipartisan support to get this market structure legislation done.""

""very productive""

Momentum for U.S. crypto market structure legislation is increasing despite a partial government shutdown. Industry consensus on the regulatory framework is reported to be roughly 90% complete, with remaining disputes focused on decentralized finance rules and stablecoin rewards. The Digital Asset Market Clarity Act passed the House in July by 294-137 and now awaits action in the Senate Banking Committee chaired by Tim Scott. Engagement between lawmakers and crypto executives has intensified, and stakeholders express optimism about Committee advancement by Thanksgiving and potential Senate passage before year-end.

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