Coinbase CEO: Crypto Market Structure Act has a great chance of passing

According to ChainCatcher, Coinbase CEO Brian Armstrong said he has never been so optimistic about the passage of the crypto market structure bill after participating in a meeting held in Washington, D.C. this week. Armstrong said after meeting with lawmakers: "The Senate strongly supports advancing this matter, and the members of both parties I meet are ready to pass this legislation. I think this has a great opportunity to pass, and I have never been so optimistic about the passage of the Market Structure Act, which is a galloping train leaving the station." The bill aims to clarify the responsibilities of financial institutions such as the Securities and Exchange Commission and the Commodity Futures Trading Commission in cryptocurrency market regulation, especially for non-stable coins such as tokenized stocks. Senator Cynthia Lummis had previously predicted the bill would be delivered to President Trump for signature by the end of the year. Ripple, Kraken, Circle, Cardano, and executives from venture capital firms a16z, Paradigm and Multicoin Capital were also reportedly involved in the meeting.