On June 12, Coinbase CEO Brian Armstrong made a bullish statement while praising U.S. President Donald Trump’s pro-crypto stance, saying, “It’s time to bring crypto trading, innovation, and jobs home to the United States.”
Coinbase CEO Praises POTUS’s Pro-Crypto Stance
His statement comes after Donald Trump’s speech at the Coinbase State of Crypto Summit. While addressing the summit, Trump said, “We will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and Bitcoin.”
Under Donald Trump’s crypto-friendly administration, the cryptocurrency community expects a clear regulatory framework. It will help businesses to thrive in a safe environment under regulatory oversight.
On June 12, U.S. lawmakers took a huge step toward regulating stablecoins, with the Senate approving the GENIUS Act by a wide margin (68-30).
While addressing the Senate floor to discuss the GENIUS Act, Senator John Thune affirmed that a significant number of netizens are engaging with cryptocurrency, including the growing use of stablecoins. He said, “Cryptocurrency is here to stay, and it’s time that we bring it into the mainstream.”
In a speech, Donald Trump highlighted his recent efforts, saying, “My administration is working with Congress to pass the GENIUS Act supporting the creation of dollar-backed stablecoins, and we also will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and Bitcoin.”
Apart from the GENIUS Act, the U.S. House of Representatives is also planning to advance another crucial bill, the CLARITY Act. If passed, the bill will establish a regulatory framework for digital assets in the U.S. On June 10, the bill was moved by both the House Financial Services Committee and the House Agriculture Committee.
In a post on X, the House Committee on Agriculture stated, “Receiving bipartisan support, H.R. 3633, the CLARITY Act of 2025, has been reported favorably out of the Committee.”
A clear regulatory framework will help crypto businesses like Coinbase ensure user safety while complying with cryptocurrency regulations.
Also Read: Singapore Crackdown Forces Unlicensed Crypto Exchanges to Exit
