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Coinbase CEO: 'This stablecoin bill passing is really a financial revolution for America'

CNBC Television β€’ 2025-07-19 β€’ 0:45 minutes β€’ YouTube

πŸ€– AI-Generated Summary:

The Crypto Revolution is Here: How the Stablecoin Bill Will Transform America's Financial System

The cryptocurrency industry just achieved a monumental victory that could reshape how Americans handle money. The passage of the stablecoin bill represents more than just regulatory progressβ€”it's the foundation for a complete overhaul of our outdated financial infrastructure.

Breaking Free from Decades-Old Payment Systems

For too long, Americans have been stuck with payment systems that feel like relics from another era. Wire transfers that take days, international payments with hefty fees, and settlement times that would make a snail look speedy. The new stablecoin legislation changes everything.

What this means for everyday Americans:
- Lightning-fast transactions: Payments completed in under 1 second
- Minimal costs: Transaction fees as low as 1 cent
- Global accessibility: Send money anywhere in the world instantly
- 24/7 availability: No more waiting for bank business hours

More Than Just Stablecoins: The Bigger Picture

While the stablecoin bill is groundbreaking, industry leaders emphasize this is just the beginning. The crypto community is already setting its sights on the next crucial piece of legislation: the market structure bill, also known as the "clarity" bill.

What's Next on the Legislative Agenda?

The market structure bill promises to provide:
- Clear regulations for Bitcoin, Ethereum, and other cryptocurrencies
- Consumer protection standards that build trust in digital assets
- Regulatory certainty that allows innovation to flourish

With a September 30th deadline set by the administration, the industry is mobilizing to make this vision a reality.

The Ripple Effect Across Industries

This legislative progress isn't just good news for crypto companiesβ€”it's a win for American competitiveness on the global stage. As other nations race to establish digital payment frameworks, the U.S. is positioning itself as a leader in financial innovation.

Industries that will benefit:
- E-commerce: Faster, cheaper payment processing
- Remittances: Affordable international money transfers
- Small businesses: Access to global markets without banking barriers
- Financial services: New opportunities for innovation and efficiency

Building Consumer Trust Through Regulation

One of the most significant aspects of this regulatory framework is its focus on consumer protection. By establishing clear rules and standards, the legislation helps build the trust necessary for mainstream adoption of digital assets.

The combination of innovation and protection creates an environment where:
- Consumers can confidently use digital payment solutions
- Businesses can build sustainable crypto-based services
- Innovation can flourish within a secure regulatory framework

Looking Ahead: A Financial System for the 21st Century

The stablecoin bill represents the first domino in a series of changes that will modernize America's financial infrastructure. As we move toward a more digital economy, these regulatory foundations ensure that the United States remains at the forefront of financial innovation.

The message is clear: the era of slow, expensive, and limited payment systems is coming to an end. In its place, we're building a financial system that's fast, affordable, and accessible to everyoneβ€”exactly what America needs to compete and thrive in the digital age.

The crypto revolution isn't comingβ€”it's here. And with the right regulatory framework in place, it's ready to transform how we think about money, payments, and financial freedom.


πŸ“ Transcript (24 entries):

Talk to me a little bit about what this stable coin bill becoming law is going to mean for Coinbase. Yeah, well, this stable coin bill passing is really a financial revolution for America. It means that crypto can finally start updating the financial system, especially for our payments which are running on these creaky old systems that are decades old. Now, every payment in our economy can be fast and cheap and global, you know, under 1 second and 1 cent anywhere in the world. So, this is a huge milestone for crypto. And the job's not done. We also want to get um the market structure bill called clarity uh passed as well. The president said he wants to see that on his desk by September 30th. We're committed to trying to help that happen along with the rest of the industry. And it offers good consumer protections and regulation for Bitcoin, Ethereum, all the non-stable coin crypto assets as