Coinbase executive: Crypto bill is "lubricant for the on-chain economy," urges swift passage of regulatory framework.

At the Blockchain Futurist Conference in Toronto, Coinbase Chief Business Officer Shan Aggarwal stated that the Market Structure Act (Clarity) and the Stablecoin Act (GENIUS) currently under consideration by the US Congress are key components in building a crypto regulatory framework, complementing each other "like lubricant for the on-chain economy." Aggarwal pointed out that the GENIUS Act lays the foundation for the expansion of stablecoins, while Clarity will enable the tokenization of more on-chain assets, facilitating the flow of funds between stablecoins, money market funds, and government bonds, thereby promoting the healthy development of the entire crypto ecosystem. Coinbase's Head of Business Development, Scott Meadows, added that the combination of these two acts provides clear rules for institutions and the market, unleashing new institutional interest and vitality.