Banking trade groups responsible for impasse on market structure bill, Brian Armstrong says

Brian Armstrong, CEO of Coinbase, has attributed the ongoing stalemate on the market structure bill to banking trade groups. He claims these groups are obstructing progress by lobbying against provisions that would benefit the cryptocurrency industry. Armstrong emphasizes the need for clear regulations to foster innovation and protect consumers. The bill aims to establish a framework for digital asset trading, but its advancement is hindered by conflicting interests within the financial sector. The situation highlights the broader challenges facing the integration of cryptocurrencies into the traditional financial system.

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