Overview

• Coinbase CEO Brian Armstrong spent several days meeting lawmakers in Washington to press for passage of the Digital Asset Market Clarity Act.
• The measure would define the respective roles of the SEC and CFTC, set market-structure rules, and clarify treatment of tokenized assets and trading venues.
• Draft texts are being exchanged among congressional offices and circulated for public feedback, and Armstrong is directing supporters to Stand With Crypto to contact lawmakers.
• Executives from Ripple, Kraken, Circle, and Cardano, along with prominent venture firms, joined Capitol Hill discussions to provide technical input.
• Banking groups are urging limits on stablecoin rewards under the GENIUS Act, but Armstrong says senators he met with do not intend to adopt an interest ban.