Coinbase CEO to Participate in Market Structure Bill Drafting at Davos

Odaily News: Coinbase will continue to advance the U.S. crypto market structure bill during this week's World Economic Forum and meet with several bank CEOs to discuss how to achieve a win-win situation. It pointed out that stablecoins should provide a level playing field for crypto companies and traditional banks, and will provide feedback on the discussion progress to the Senate and the government. Previously, Coinbase withdrew its support for the bill after the draft proposed prohibiting crypto companies from paying interest on idle stablecoin balances. Additionally, Brian Armstrong will also engage with global leaders to discuss how crypto can update the financial system and the potential of tokenization in capital markets.