Coinbase CEO, Brian Armstrong, is advocating for support of the Financial Innovation and Technology for the 21st Century Act, which aims to create clear regulatory guidelines for the crypto industry in the United States. The bill, sponsored by a group of congressmen, proposes that the U.S. Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CTFC) oversee the regulatory system for crypto assets. Armstrong argues that passing the bill would safeguard the value of crypto, promote American innovation, and enhance national security by providing much-needed clarity and certainty to the digital asset space.

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