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

Brian Armstrong, CEO of Coinbase, has attributed the current stalemate on the market structure bill to banking trade groups. He claims these organizations are hindering progress by lobbying against provisions that would benefit the cryptocurrency industry. Armstrong emphasizes the need for regulatory clarity to foster innovation and protect consumers. He argues that the bill is crucial for establishing a framework that allows digital assets to thrive alongside traditional finance. The ongoing impasse highlights the tension between traditional banking interests and the evolving crypto landscape.

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