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Coinbase CEO Stresses Most Important Moment for Crypto Now
In a recent interview with CNBC from the White House yard, Brian Armstrong, the CEO of Coinbase, has emphasized the importance of the recent stablecoin law signed by US President. This historic moment marks an essential turning point in the history of cryptocurrency.
According to Armstrong, the signing of this act signifies the beginning of a financial revolution. He stated that it’s crucial for crypto now and the future, as it will enable upgrading the current financial system, particularly in the sphere of payments, making it more efficient and faster than before.
The CEO highlighted the significance of this milestone, stating, “I hope people realize how important this moment is for crypto.” He believes that GENIUS Act paves the way for a new era, allowing stablecoins to play a crucial role in updating the financial system. Armstrong also expressed his support for passing another major bill called “Clarity,” which is still under consideration by Congress.
Furthermore, he emphasized that the job has not been done yet and that Coinbase will work closely with other crypto industry leaders to ensure the passage of the Clarity act.
Source: u.today
