Brian Armstrong and Bernie Moreno appeared on Squawk Box this week to discuss the future of crypto regulation in the United States.
The interview, hosted by Sara Eisen, focused on stablecoin rules, market structure legislation, and the need for clearer oversight. Both men said the industry needs firm guidelines to support innovation while protecting consumers.
Armstrong stressed that stablecoins should be allowed to offer rewards so they can compete fairly with banks. He warned that limiting yield access would mainly benefit traditional financial institutions and slow crypto adoption.
Moreno, a member of the Senate Banking Committee, said lawmakers are working toward bipartisan solutions. However, he admitted negotiations have been slow and said he does not want to support “bad deals” just to move legislation forward.
The discussion also touched on earlier drafts like the CLARITY Act, which passed the House. Proposed Senate versions aim to define clearer roles for the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission in overseeing digital assets.
Armstrong recently pulled Coinbase’s support from a January Senate draft, arguing it could restrict tokenized equities, weaken privacy in DeFi, and limit stablecoin rewards. The move delayed a Senate Banking markup, but he said he remains optimistic about revisions.
Both Armstrong and Moreno signaled urgency, with talks of White House involvement to move legislation forward by April 2026. If passed, the new framework could reshape stablecoins, tokenized assets, and crypto oversight in the U.S., marking a major shift for the industry.
