Crypto Market Structure Bill Gains Bipartisan Momentum — Coinbase CEO Predicts Breakthrough by Thanksgiving

Washington may finally be on the verge of giving the crypto industry what it’s been waiting for — clear rules of the road. After months of political gridlock, the long-awaited U.S. Crypto Market Structure Bill is picking up real bipartisan momentum, with both parties signaling support for a comprehensive regulatory framework that could redefine the nation’s digital asset landscape.

Coinbase CEO Brian Armstrong, one of the industry’s most outspoken advocates, said he’s optimistic that Congress could finalize the bill before Thanksgiving, marking what would be one of the biggest policy wins for crypto in U.S. history.

In a recent CNBC interview with Emily Wilkins, Armstrong described his discussions with lawmakers from both sides of the aisle as “very productive,” highlighting a newfound spirit of cooperation that has rarely been seen in Washington.

“We had great meetings with Democrats and Republicans today,” Armstrong said. “There’s strong bipartisan support to get this market legislation done. It’s important for America — and for the 15 million Americans who are already involved in crypto.”

The renewed progress comes amid mounting pressure from industry leaders who warn that continued inaction could push innovation and capital offshore. The proposed legislation aims to clarify oversight between the SEC and CFTC, establish stablecoin guidelines, and create clear pathways for compliant token listings — issues that have long stifled growth in the U.S. crypto sector.

Just a day earlier, Armstrong reiterated his commitment to pushing for reform, calling the moment a “turning point” for the industry. His comments coincide with a high-level Senate meeting this week, where top digital asset executives and key Democrats are set to discuss the future of digital finance in America.

With rare bipartisan energy and a tight timeline, the coming weeks could determine whether the U.S. finally embraces crypto innovation — or continues to watch it migrate overseas.