According to Odaily Planet Daily, 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 being considered by the US Congress are key components in building a crypto regulatory system, and the two complement each other, "like lubricant for the on-chain economy."

Aggarwal points out that the GENIUS Act laid the foundation for the expansion of stablecoins, while Clarity will enable more on-chain assets to be tokenized, facilitating the flow of funds between stablecoins, money market funds, and government bonds, thereby promoting the healthy development of the entire crypto ecosystem.

Scott Meadows, head of business development at Coinbase, added that the two bills combined would provide clear rules for institutions and markets, unleashing new institutional interest and dynamism.