What once sounded like a distant promise - full U.S. crypto legislation - is now being described as a timeline.
Key Takeaways
Congress is targeting December 2025 for a comprehensive crypto market-structure bill.
Draft language already exists and is moving through Senate Agriculture and Banking committees.
Coinbase is preparing operationally in parallel and will showcase new products on December 17.
According to Coinbase CEO Brian Armstrong, policymakers in Washington have shifted from debating whether the crypto sector should be regulated to how quickly they can finalize it. And the target now being discussed behind closed doors is December 2025.
Instead of lobbying from afar, Armstrong has spent the week inside congressional offices collaborating on the market-structure bill that could define how crypto companies, developers and investors operate in the United States for the next decade. His message was clear: this is no longer exploratory work — drafting is already in motion.
MARKET'S ON EXTREME FEAR, BUT CLEAR CRYPTO RULES ARE CLOSER THAN EVER
Coinbase CEO Brian Armstrong is literally in the halls of Congress saying the quiet part out loud:
Senate committees are now working nights and weekends on crypto market-structure legislation.They’re aiming… pic.twitter.com/BgHCRBvWuP
— CryptosRus (@CryptosR_Us) November 19, 2025
What Congress Is Actually Doing Right Now
Armstrong says the draft version of the bill has already been passed to the Senate Agriculture Committee, and the Senate Banking Committee is working through updated text at an unusually fast pace — including evenings and weekends. The goal is to push the bill to markup before the end of next year, positioning it for a presidential signature soon after.
That is the strongest legislative progress crypto has ever seen in the U.S.
Regulation Isn’t the Only Thing Coinbase Is Preparing For
Armstrong emphasized that regulation is only half of the story. Coinbase has been developing new products in parallel so that, when the new rules land, the company can operate at full speed on day one. To underline that point, the exchange will hold a major product reveal on December 17, livestreamed globally.
The implication: Coinbase doesn’t view regulation as a burden — it sees regulation as a strategic accelerator.
Why This Moment Matters Beyond Coinbase
Clear U.S. rules would unlock something the industry has lacked for years — the ability for global companies to operate at scale without treating the U.S. as a regulatory minefield. Rather than waiting for courts to decide policy, companies would finally have a federal handbook for custody, market structure and asset classification.
Armstrong’s call to action reflected that idea. He urged developers, investors and everyday users to continue pressuring lawmakers until the finish line is crossed — not simply rely on corporate advocacy.
Crypto regulation in the U.S. is no longer a theory or a distant ambition.
For the first time, the people writing the legislation and the companies affected by it appear to be working in lockstep — and both sides are talking in terms of timelines, not possibilities.
