Coinbase CEO Brian Armstrong has actively engaged with senators from across party lines in Washington, D.C., advocating for clear regulations in the cryptocurrency sector and bolstering consumer protections.

Over the past 48 hours, Armstrong has emphasised bipartisan support in the Senate, particularly following the House's approval of the Financial Innovation and Technology for the 21st Century Act (FIT21).

Despite this momentum, both the White House and SEC Chair Gary Gensler have expressed reservations about the bill, signaling potential challenges ahead for its passage.

Armstrong stresses the continuous efforts to create a sound regulatory framework for digital assets and expresses optimism about the increasing power of bitcoin supporters in influencing policy.