Coinbase CEO Brian Armstrong says the United States is closer than ever to passing clear rules for the crypto market — with a landmark bill now 90% complete.
Despite the ongoing government shutdown, Armstrong described progress in Washington as reaching a “historic high point” for digital asset regulation.
Crypto Legislation Nears Completion
Armstrong revealed that lawmakers from both political parties are actively finalizing the remaining 10% of the proposed bill, which aims to establish a comprehensive market structure for digital assets.
“I’ve met with senators from both sides of the aisle, and there’s strong determination to get this done,” Armstrong said.
He added that the bill could reach the House Financial Services Committee for review by Thanksgiving (November 27), with potential passage before the end of 2025.
Coinbase Continues Policy Push
Coinbase continues to lobby for legislative clarity around decentralized finance (DeFi), users’ rights to earn rewards in stablecoins, and transparent rules for crypto firms operating in the U.S.
Armstrong emphasized that these reforms are critical to keeping innovation and capital within the country rather than pushing them overseas.
Government Shutdown Adds Pressure
The U.S. government shutdown, which began on October 1, 2025, has intensified urgency around budget and regulatory discussions. The Senate has now rejected a short-term funding bill for the tenth time — leaving many federal agencies temporarily closed.
Still, according to Armstrong, crypto regulation remains one of the few issues where bipartisan cooperation continues.
