Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
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.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Institutions Develop Blockchain Foundations, Signaling the Advancement of the Crypto Industry

- Institutional crypto adoption accelerates as venture funding, ETFs, and strategic acquisitions drive market maturation, per Cosmos Labs CEO Magnus Mareneck. - Coinbase's $375M Echo acquisition and BlackRock's $137.5M Ethereum/Bitcoin ETF inflows highlight infrastructure-building over speculation. - Cosmos emphasizes interoperability to support DeFi and tokenization, with partnerships enabling programmable banking and real-time settlements. - Mareneck warns of valuation risks (e.g., SEALSQ's 10.1x P/B rat

Bitget-RWA2025/10/28 23:02
Institutions Develop Blockchain Foundations, Signaling the Advancement of the Crypto Industry

Solana News Update: Solana ETF Climbs While Token Declines: Institutional Demand Contrasts with Retail Outlook

- Bitwise's Solana Staking ETF (BSOL) raised $222.8M in assets on its 2025 debut, outpacing most new ETFs with $56M in first-day trading volume. - The fund offers direct Solana exposure with staking rewards, attracting institutional interest through a novel structure distinct from traditional spot ETFs. - SEC guidance on PoS and liquid staking enabled BSOL's launch, with Bitwise leveraging its European staking product experience to enter the U.S. market. - Despite BSOL's success, Solana's token price fell

Bitget-RWA2025/10/28 23:02
Solana News Update: Solana ETF Climbs While Token Declines: Institutional Demand Contrasts with Retail Outlook

Bitcoin Updates: The Crypto Market’s Psychological Maze Encounters AI’s Strategic Pathway Out

- Token Metrics AI Indices combat crypto volatility by using analytics to address psychological biases like FOMO and panic selling. - Bitcoin near $115,000 faces 2025-2026 price forecasts up to $500,000, driven by Fed rate cuts and U.S.-China cooperation boosting liquidity. - AI tools project $177,000–$427,000 BTC ranges based on market cap scenarios, while prioritizing risk mitigation through diversification and real-time monitoring. - Dynamic AI strategies balance growth and downside protection, using me

Bitget-RWA2025/10/28 22:46
Bitcoin Updates: The Crypto Market’s Psychological Maze Encounters AI’s Strategic Pathway Out

OceanPal’s Shift to AI and Blockchain Triggers 22.5% Drop in Share Price

- OceanPal Inc. pivoted to AI via a $120M investment in NEAR Protocol, launching SovereignAI to commercialize blockchain-based AI infrastructure. - The strategy targets 10% NEAR token ownership and leverages NVIDIA tech for confidential AI-cloud solutions, aligning with institutional interest in privacy-focused AI. - Despite continued shipping operations, OceanPal reported a $10.4M net loss and saw its stock drop 22.5% post-announcement, reflecting market skepticism about the strategic shift. - Backed by c

Bitget-RWA2025/10/28 22:30
OceanPal’s Shift to AI and Blockchain Triggers 22.5% Drop in Share Price