Coinbase CEO Brian Armstrong Blames Banking Lobby for Crypto Market Structure Bill Deadlock

Coinbase CEO Brian Armstrong has publicly stated that banking trade associations are the primary obstacle preventing the passage of crucial cryptocurrency market structure legislation in the United States. Armstrong's comments highlight the ongoing regulatory struggle between the emerging crypto industry and established traditional finance sectors. The proposed bill, aimed at providing clearer regulatory frameworks for digital assets like Bitcoin (BTC) and Ethereum (ETH), has stalled in Congress. This impasse creates continued uncertainty for crypto exchanges, investors, and the broader blockchain ecosystem. Armstrong's accusation underscores the intense lobbying efforts in Washington D.C. as the future of U.S. crypto regulation hangs in the balance.