Coinbase CEO: Expect a second vote on the GENIUS Act early next week

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Wu Blockchain
10 hours ago
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Coinbase CEO Brian Armstrong stated that the U.S. Senate has conducted the first vote on the stablecoin legislation "GENIUS Act", with a second round of voting expected early next week. He believes the bill still needs improvement, such as lifting the ban on earnings and interest, but this is part of the legislative process. Armstrong anticipates that after text review and adjustments, the "GENIUS Act" will receive bipartisan support and be close to presidential signature. The bill aims to provide a regulatory framework for stablecoins, with 52 million U.S. crypto holders closely watching.

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