[Coinbase Executive Calls for Prompt Passage of Crypto Market Structure and Stablecoin Bills]
At the Blockchain Futurist Conference in Toronto, Coinbase Chief Business Officer Shan Aggarwal stated that the market structure bill (Clarity) and stablecoin bill (GENIUS) currently under review by the U.S. Congress are critical components of the crypto regulatory framework. The two bills complement each other, serving as the 'lubricant for the on-chain economy.' Aggarwal pointed out that the GENIUS bill lays the foundation for stablecoin expansion, while the Clarity bill will drive the tokenization of on-chain assets, facilitating the flow of funds between stablecoins, money market funds, and treasury bonds, thereby fostering the growth of the crypto ecosystem. Coinbase Head of Business Development Scott Meadows added that these two bills will provide clear rules for institutions and markets, sparking institutional interest and vitality.