Coinbase CEO: The FIT21 bill could ultimately create clear cryptocurrency regulation

ChainCatcher news, according to The Block, Coinbase CEO Brian Armstrong commented on the House vote for the "Financial Innovation and Technology for the 21st Century Act" (FIT21) on the X platform.

Armstrong stated that this is a "historic vote," and if passed into law, it will ultimately begin to establish some clear rules to regulate the cryptocurrency industry.

He added, "Americans want to know that their representatives are protecting their rights to use cryptocurrency, creating clear rules to protect consumers, and not allowing some activists in the government to weaponize the lack of clarity to try to illegally stifle an industry."