Brian Armstrong, CEO of Coinbase, is at the forefront of a heated debate over stablecoins and the structure of the crypto market, as discussed in the latest episode of Bitcoin Policy Hour. The episode highlights the growing political influence of the crypto economy and the contentious issue of whether having no legislative bill is worse than passing a flawed one. Key topics include the impact of banking lobby power, the importance of developer protections, and the strategic role of Bitcoin in geopolitics. The discussion also covers the implications of the proposed market structure bill, which aims to address the lag in U.S. payment systems compared to global standards. Other significant points include the potential breaking point for stablecoin yields and the necessity of self-custody for developers. The episode concludes with insights into the future of U.S. Bitcoin regulation and the geopolitical implications of cryptocurrency policies.