u.today
Coinbase CEO Brian Armstrong has once again called for clear crypto regulations, urging U.S. lawmakers to pass the CLARITY and $GENIUS acts as soon as possible. In a new post, Armstrong mentioned the 52 million Americans who now own crypto, saying they are counting on Congress to "get this right."
His comments come after a big step forward for crypto legislation, as the $GENIUS Act - which is aimed at regulating stablecoins - heads to the Senate floor.
We need a comprehensive regulatory framework for all types of digital assets. Congress should pass the CLARITY Act along with the $GENIUS Act into law. 52 million American crypto owners are counting on it. https://t.co/MxOjxOxq0z
— Brian Armstrong (@brian_armstrong) June 13, 2025
Chris Dixon, a partner at Andreessen Horowitz, backed Armstrong's urgency and explained what the $GENIUS bill would achieve: consumer protection, long-term incentives for U.S. builders and investors, and a legal structure that keeps crypto innovation stateside.
If everyone wants a better internet, the way forward is to build blockchain networks in America, says Dixon.
Private sector is not waiting
Shopify has just introduced support for $USDC payments, meaning customers can now check out with stablecoins on Coinbase's Base network. Stripe will take care of the back-end - converting $USDC into fiat and settling in merchant bank accounts across 34 countries.
Add to that Circle's IPO earlier this month that caused a 347% spike in its stock price, and analysts say that regulatory clarity could supercharge U.S.-based crypto firms.
Meanwhile, Tether is keeping its eye on the EU, where there are a load of new rules coming in.
With the big platforms now using stablecoins and the law catching up, the crypto market is gearing up for a new era.
So, the message is pretty clear - clear regulation is needed in order to enter this era in the right way.