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Coinbase CEO Stresses Most Important Moment for Crypto Now
In a significant development, Brian Armstrong, the CEO of Coinbase, has emphasized the importance of the recent stablecoin law being signed into law by the U.S. president. This landmark moment marks a turning point in the crypto space and signals the beginning of a financial revolution, he stressed.
Armstrong stated that the passing of the GENIUS Act is crucial for the growth and mainstream acceptance of cryptocurrencies like Dogecoin (DOGE), Ripple’s XRP, Ethereum (ETH), Cardano (ADA), and others. He believes this change will upgrade the current outdated financial system, enabling faster and cheaper global payments.
“This moment marks an important milestone for crypto,” Armstrong said during his interview with CNBC from the White House lawn. “The job is not done yet. We need to see the crypto bill called ‘Clarity’ pass through Congress by September 30.”
Armstrong reiterated that Coinbase will actively support this effort and collaborate with other major cryptocurrency industry players.
Mastercard, a leading fintech company, has also applauded the passage of the GENIUS Act. Jesse McWaters, executive vice president at Mastercard, praised the move in an article published by the financial institution.
Source: u.today
