Brian Armstrong Comments on the Genius Act

Brian Armstrong, the CEO of Coinbase, the largest U.S.-based cryptocurrency exchange, recently commented on U.S. President Trump’s signing of the Genius Act into law. This act is expected to bring positive changes to the crypto space.

Importance of Stablecoin Law

The Genius Act recognizes stablecoins as legal assets and establishes regulations for their use. In an interview from the White House yard, Armstrong emphasized that passing this act is a significant milestone for the crypto industry and marks the onset of a financial revolution.

He stated that it will modernize the outdated financial system, particularly in payments, enabling faster and cheaper transactions globally.

> I hope people realize how important this moment is for crypto.
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> GENIUS is the first federal crypto bill signed into law, with more on the way.
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> The financial revolution starts here.
> — Brian Armstrong (@brian_armstrong) July 18, 2025

Armstrong reiterated the importance of this moment for crypto, calling it a huge step toward updating the financial system. However, he added that the work is not completed, urging Congress to pass the “Clarity” crypto bill, which is expected on the President’s desk by September 30. He pledged Coinbase’s support alongside the broader cryptocurrency industry.

Mastercard’s Support for Stablecoin Act

Mastercard also praised the Genius Act in a statement by its executive vice president, Jesse McWaters. He noted that stablecoins have reached a pivotal moment and that the passage of the Genius Act represents a new era of regulatory clarity and confidence in digital assets.

> With the GENIUS Act now passed, we’re entering a new era of clarity and confidence in #DigitalAssets – one we’ve been preparing for over the years.
> — Mastercard News (@MastercardNews) July 18, 2025

He emphasized that this law is creating global momentum for stablecoins and cryptocurrencies, particularly in the payments sector, along with regional frameworks like the EU’s MiCA and those in Hong Kong and the UAE.