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Bipartisan Crypto Legislation Nearly Complete, Senate Disagreements on DeFi Postpone Final Decisions

Bipartisan Crypto Legislation Nearly Complete, Senate Disagreements on DeFi Postpone Final Decisions

Bitget-RWA2025/10/28 02:03
By:Bitget-RWA

- Coinbase CEO Brian Armstrong claims U.S. crypto legislation enjoys 90% bipartisan support, with key bills like CLARITY Act nearing Senate approval by year-end. - Political tensions persist over DeFi regulation and stablecoin oversight, with Senate deadlines looming and Trump-backed crypto projects facing scrutiny from Warren and Tillis. - Coinbase partners with Citi to expand stablecoin-driven institutional payments, aiming to modernize global finance through cross-border digital asset solutions. - Stabl

Brian Armstrong, CEO of Coinbase Global Inc. (NASDAQ: COIN), has reiterated his strong belief in the progress of U.S. crypto legislation, stating that bipartisan agreement on major bills is "90% complete" and may be finalized before the year ends, as reported by

. Speaking during a government shutdown, Armstrong highlighted ongoing cooperation between Senate Democrats and Republicans to iron out remaining issues, especially those concerning decentralized finance (DeFi) regulations and stablecoin oversight. His comments echo those of White House Crypto and AI advisor David Sacks, who described the current momentum for the CLARITY Act—which proposes dividing crypto regulatory duties between the SEC and CFTC—as "an excellent position" for passage, according to the Benzinga report.

While the CLARITY Act has passed the House and now awaits Senate discussion, the GENIUS Act—which governs dollar-backed stablecoins such as

(CRYPTO: USDT)—has already become law, Benzinga noted. Nevertheless, political friction remains. Senator Elizabeth Warren (D-Mass.) and others have voiced worries about possible conflicts of interest, particularly with crypto initiatives linked to former President Donald Trump. At the same time, Senator Thom Tillis (R-N.C.) cautioned that Congress must act by early 2026 to prevent legislative paralysis from the midterm elections, emphasizing the need for bills like FIT21 to clarify digital asset rules, according to .

Bipartisan Crypto Legislation Nearly Complete, Senate Disagreements on DeFi Postpone Final Decisions image 0

Coinbase's efforts go beyond advocacy. The company has recently teamed up with Citi to investigate the use of stablecoins for digital payments among institutional clients, positioning crypto and stablecoins as "tools to modernize the global financial system," as mentioned in

. By combining Citi's worldwide payment network with Coinbase's technology, the partnership aims to streamline international payments and broaden digital asset accessibility. This initiative, which includes converting fiat to stablecoins, is part of Coinbase's larger strategy to expand its payment and institutional offerings, as outlined in .

Stablecoins are significantly transforming the cryptocurrency sector. Data shows that stablecoin transaction volumes reached $4 trillion by August 2025, with retail usage increasing by 125% year-over-year, according to

. Venture capital firm Andreessen Horowitz (a16z) described stablecoins as a "global macroeconomic force," highlighting their ability to facilitate quick, affordable remittances and drive institutional adoption, as detailed in . Western Union's recent pilot using stablecoins for international transfers illustrates this shift, aiming to reduce costs by up to half and reach 150 million customers, according to .

Despite regulatory challenges, Coinbase shares have climbed nearly 30% since the start of the year, trading at $322.71 as of October 27, according to Benzinga. The stock saw further gains after the Citi partnership announcement, reflecting growing investor trust in Coinbase's expanding digital asset platform. However, obstacles persist: partisan disagreements over DeFi and token definitions continue to delay comprehensive reforms, as discussed in

. Armstrong's vision for fully on-chain businesses—where company formation, fundraising, and public trading all occur on blockchain—further highlights the industry's potential for transformation, as described in .

As the U.S. works to establish clear regulations, global rivals like the EU with its MiCA rules are advancing, and with stablecoins linking traditional and digital finance while political timelines tighten, the future of the crypto sector will depend on finding the right balance between innovation and regulation.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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