US crypto bills are ‘like oil for the onchain economy,’ Coinbase exec says

Coinbase's Shan Aggarwal and Scott Meadows spoke to Cointelegraph at the Blockchain Futurist Conference on the future of the industry in the US.

Coinbase executives are urging US lawmakers to view stablecoin and market structure bills as interconnected pieces of a broader crypto regulatory framework, as Congress continues to deliberate over industry rules.

Speaking to Cointelegraph at the Blockchain Futurist Conference on Thursday, Coinbase chief business officer Shan Aggarwal weighed in on how a market structure bill could affect US markets.

According to Aggarwal, both the market structure currently being considered in the US Senate — called CLARITY when it passed the House of Representatives — and the GENIUS stablecoin bill passed in July act “effectively like oil for the onchain economy.”

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