Coinbase CEO Brian Armstrong Hails ‘Huge Win’ As GENIUS Act Advances With Bipartisan Senate Support

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong celebrated a significant milestone for cryptocurrency regulation after the GENIUS Act cleared its first major procedural hurdle in the Senate with bipartisan support.

What Happened: Armstrong described the advancement as “a huge win for crypto and the future of onchain innovation in America” after Coinbase Chief Policy Officer Faryar Shirzad announced that 16 Democrats joined Republicans to pass an early procedural vote.

“Crypto is again showing that it’s the biggest bipartisan issue in play on the Hill,” Shirzad noted in his social media post, thanking several senators for their efforts.

Full story available on Benzinga.com