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Market structure legislation doesn't have to be zero sum. Crypto, banks and regulators can all win if the focus remains on what's best for everyday Amercans. Maybe that's why nearly 600k of them have contacted their Senators demanding that they pass legislation and that it protect their right to...

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Paul Grewal

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20,142 Aufrufe • vor 3 Monaten •via X (Twitter)

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JUST IN: 🇺🇸 SEC Chair Paul Atkins urges Congress to pass the Bitcoin & crypto market structure legislation. "It's really crucial for Congress at this moment in time to step forward and come up with legislation that can guide us."

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I'm confident we can achieve a market structure win-win that advances the President's crypto agenda while addressing the concerns of the banks. Our focus throughout will be to advocate for what's best for crypto users. We’re all in - we were the first ones fighting for market structure before it was popular, and we’re staying at the table. GENIUS passed 6 months ago and is now being re-litigated. That deeply impacts our customers. Coinbase attended both recent White House meetings and the crypto industry is aligned. We’re making good progress towards reaching a win-win-win between the White House, banks and crypto, and we'll keep advocating for what's best for crypto users, especially core consumer benefits like rewards.
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I'm confident we can achieve a market structure win-win that advances the President's crypto agenda while addressing the concerns of the banks. Our focus throughout will be to advocate for what's best for crypto users. We’re all in - we were the first ones fighting for market structure before it was popular, and we’re staying at the table. GENIUS passed 6 months ago and is now being re-litigated. That deeply impacts our customers. Coinbase attended both recent White House meetings and the crypto industry is aligned. We’re making good progress towards reaching a win-win-win between the White House, banks and crypto, and we'll keep advocating for what's best for crypto users, especially core consumer benefits like rewards.

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I've never been more bullish about clear rules for crypto. It’s obvious that market structure is a freight train that's left the station. But that hasn't stopped the big banks from coming for another handout - this time paid by your crypto rewards. They want to undo your right under the GENIUS Act law to earn USDC rewards. Don't let them. Banks want to ban rewards to maintain their monopoly, and we're making sure the Senate knows bailing out the big banks at the expense of the American consumer is not ok.
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While China is racing ahead on digital assets, the US bank lobby is trying to strip crypto rewards from consumers. Market structure legislation should protect consumers, not screw them out of their fair share. Thx Mark Halperin and 2WAY.
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