Coinbase CEO Says U.S. Senate Progressing on Market Structure Bill

Multiple credible sources directly reference statements from Coinbase CEO Brian Armstrong indicating the U.S. Senate is making progress or actively working on a crypto market structure bill. A highly relevant social media post directly quotes Armstrong as saying the Senate is working daily to move forward on the bill, which strongly supports the claim. Established media outlets such as the New York Times and Coindesk also report Armstrong's optimism about Senate negotiations and progress, aligning with the statement's content. Additional newsletters and market news coverage confirm that Senate committees are marking up the bill, providing context that Armstrong's comments are grounded in actual legislative activity. There is some indirect coverage noting challenges and impasses, but these are framed around ongoing negotiations rather than denying Senate progress. No credible source contradicts Armstrong having made such a statement, and the bulk of the evidence consistently affirms both his role in making it and the described Senate progress.