Coinbase CEO Brian Armstrong has called for the passage of U.S. crypto legislation, likening it to 'oil for the onchain economy.' Armstrong believes that the proposed bills could offer much-needed regulatory clarity, which would in turn boost stablecoin adoption and enhance the integration of decentralized finance (DeFi) into the broader financial system. Alongside Circle CEO Jeremy Allaire, Armstrong highlighted the potential for stablecoins like USDC to serve as interest-bearing payment instruments, akin to traditional savings accounts. The legislation is seen as a catalyst for institutional adoption and merchant integration, potentially aligning crypto assets more closely with conventional financial products.