Coinbase CEO Brian Armstrong anticipates that comprehensive crypto market-structure legislation in the US will trigger global Bitcoin legalization. Armstrong believes that once American lawmakers establish regulatory clarity, other major economies will follow suit, using the US framework as a model. He describes US regulatory clarity as a "bellwether for the G20," suggesting it will influence financial regulations in countries like the UK, Japan, and Germany.
The legislative discussions in the US, particularly around the Clarity Act, focus on stablecoin rewards and protections for software developers. Armstrong highlights the importance of a unified market-structure bill to replace the current fragmented regulatory environment. He argues that clear regulations will not only facilitate global adoption but also enable Coinbase to expand into payments, tokenization, and prediction markets. Armstrong remains bullish on Bitcoin, predicting it could reach $1 million by 2030, driven by its fixed supply and increasing demand.
Coinbase CEO Predicts Global Bitcoin Legalization Following US Legislation
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