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Coinbase CEO Pushes Washington to Fast-Track Stablecoin Regulation—Before the Next Tether Scandal Hits

Coinbase CEO Pushes Washington to Fast-Track Stablecoin Regulation—Before the Next Tether Scandal Hits

CryptotimesIO
Author:
CryptotimesIO
Release Time:
2025-05-06 02:33:29
0

Coinbase CEO Urges U.S. Lawmakers to Pass Stablecoin Bill

Brian Armstrong takes his lobbying game to Congress, demanding clear rules for dollar-pegged crypto. Will lawmakers act—or wait until another $40B ’stable’ coin implodes?

Behind the scenes: Big Finance hates stablecoins cutting their lunch. Banks charge $25 for cross-border transfers; USDC settles in seconds for pennies. No wonder DC drags its feet.

Cynical take: When Wall Street finally cracks stablecoins, expect ’regulation’ that conveniently requires a $500M compliance team—effectively banning everyone but Goldman Sachs.

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