Even with DC gridlocked, momentum for crypto market structure reform has never been stronger — after bipartisan meetings on the Hill, both sides are 90% aligned, and Coinbase remains confident a clear DeFi and stablecoin bill could pass by year-end.

Coinbase CEO Brian Armstrong is highlighting growing bipartisan momentum in Washington around comprehensive U.S. crypto market structure and stablecoin legislation, arguing that despite broader gridlock in Congress, Democrats and Republicans are now largely converging on core policy questions. In recent public remarks and Hill meetings, he has described lawmakers as roughly “90% aligned” on a framework, and has expressed confidence that clear rules for DeFi and stablecoins could realistically pass within the current legislative window. This optimism is grounded in a broader shift over 2025–2026, in which Congress has moved from concept papers to concrete, bipartisan bills that would define U.S. crypto market structure. The House has already passed the Digital Asset Market Clarity Act (CLARITY Act) with bipartisan support, establishing a comprehensive taxonomy that differentiates “digital commodities” from securities and setting out a regime for token classification and regulatory jurisdiction. In parallel, the Senate Agriculture Committee advanced the Digital Commodity Intermediaries Act (DCIA), while the Senate Banking Committee has now reported out the Digital Asset Market Clarity Act (often also called the Clarity Act) on a 15–9 bipartisan vote, with White House support. These measures collectively target long‑standing pain points for the industry, including how to classify tokens, how to regulate centralized and decentralized trading venues, how to treat stablecoin yields, and what protections to provide DeFi developers and token holders. The legislative push comes on the heels of the earlier GENIUS Act, which created a federal framework for payment stablecoins but left broader market structure, DeFi, and token classification issues unresolved. Current Senate and House market structure efforts are aimed at that “second pillar” of crypto law: providing clear statutory lines between SEC and CFTC authority, setting disclosure regimes for non‑security tokens, constraining or defining stablecoin yield, and codifying treatment of DeFi applications and tokenization. For large U.S. platforms such as Coinbase, and for DeFi and stablecoin issuers more broadly, passage of a reconciled market structure and stablecoin package would mark the first comprehensive national framework for digital assets in the United States, reducing regulatory uncertainty that has been dominated to date by enforcement actions in lieu of clear rules. "entities":["Brian Armstrong","Coinbase","Digital Asset Market Clarity Act (Clarity Act / CLARITY Act)","Digital Commodity Intermediaries Act (DCIA)","GENIUS Act","U.S. Senate Banking Committee","U.S. Senate Agriculture Committee","U.S. House Financial Services Committee","U.S. House Agriculture Committee","White House","U.S. Securities and Exchange Commission (SEC)","U.S. Commodity Futures Trading Commission (CFTC)","DeFi (decentralized finance)","Payment stablecoins","Digital commodities","Stablecoin yield"]}Note: The above is valid JSON but the markers and bold are not allowed. Let's correct. However the tool expects the response JSON schema. I'll output plain JSON with keys brief and entities. Let's fix.`

✨ AI-generated background, compiled from web sources — not editorial content.

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