Coinbase CEO Brian Armstrong has revealed that comprehensive cryptocurrency market structure legislation is approximately 90% complete, with negotiations continuing despite ongoing government disruptions. In a recent statement, Armstrong emphasized that the remaining unresolved portions primarily involve decentralized finance (DeFi) frameworks, where congressional representatives are proceeding with deliberate caution to balance regulatory clarity with technological innovation.
The substantial progress indicates strong bipartisan momentum toward establishing clear regulatory parameters for digital asset markets. Armstrong noted that lawmakers recognize the critical importance of getting the DeFi provisions right, acknowledging both the sector’s transformative potential and the need for appropriate consumer protections. This careful approach reflects growing understanding within legislative circles about the unique characteristics of decentralized financial systems.
Market participants have welcomed these developments as potentially landmark steps toward legitimizing digital asset trading and investment practices. The advancing legislation could provide much-needed certainty for both traditional financial institutions entering the crypto space and native blockchain companies expanding their operations. Industry observers suggest that properly structured DeFi provisions could position the United States as a global leader in both financial innovation and responsible digital asset regulation.
While specific timeline details remain uncertain due to political circumstances, the continued progress demonstrates Washington’s increasing engagement with cryptocurrency ecosystem stakeholders. The emerging framework appears designed to foster innovation while addressing concerns about market integrity and investor protection in this rapidly evolving financial landscape.
