Coinbase CEO urges passage of Stapled Coin bill in debate with US Congress

Coinbase CEO Brian Armstrong urged the U.S. Congress to pass stablecoin legislation.
On the 1st (local time), Armstrong, CEO, said through X, "The stablecoin bill proposed by the U.S. House of Representatives is a bill to allow crypto assets (virtual currencies)
"This is a major turning point for the industry," he said. The bill also stipulates the responsibilities of stablecoin issuers to increase transparency of stablecoins.
He also said, "This bill is the result of a bipartisan effort," and "I urge Congress to vote in favor of it."
He added, "I am currently visiting Washington DC to meet with lawmakers to persuade them to pass the stablecoin and market structure bill before August."