According to Mars Finance, Coinbase will continue to push forward with the US crypto market structure bill during this week's World Economic Forum and will meet with several bank CEOs to discuss how to achieve a win-win situation. Coinbase stated that stablecoins should provide a level playing field for crypto companies and traditional banks and will report the progress of the discussions to the Senate and the government. Previously, Coinbase withdrew its support for the bill because the draft bill proposed prohibiting crypto companies from paying interest on idle stablecoin balances. In addition, Brian Armstrong will also discuss with global leaders the potential of crypto-driven financial system updates and tokenization in capital markets.
Coinbase CEO will participate in the drafting of the market structure bill in Davos.
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