It’s Friday, and what a week it’s been for crypto. Coinbase CEO Brian Armstrong showed up in Washington, DC, pushing for long-awaited market structure legislation to be passed for the crypto industry. He says the Digital Asset Market Clarity Act has gained rare bipartisan support, setting the stage for long-awaited U.S. regulation.
Meanwhile, former Binance CEO CZ has raised red flags about North Korean cyber threats, Bitwise is chasing fresh ETF approvals, and American Express dipped into NFTs. Throw in Fed debates, bridge exploits, and stablecoin battles, and now you see why it’s been a headline-packed week.
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Coinbase CEO Hails Senate’s Bipartisan Backing of Crypto Regulation Bill
I was in DC the last few days working to get MARKET STRUCTURE legislation passed for crypto. This is how we ensure the crypto industry can be built here in America, driving innovation and protecting consumers, and making sure we never have another Gary Gensler trying to take your… pic.twitter.com/UqCH8jCNU8
— Brian Armstrong (@brian_armstrong) September 18, 2025
Coinbase CEO Brian Armstrong says the U.S. Digital Asset Market Clarity Act has gained strong bipartisan backing in the Senate, calling it the best chance in years for clear crypto regulation.
The bill seeks to define regulatory oversight between the SEC, CFTC, and other agencies, particularly for non-stablecoin assets like tokenized stocks. Armstrong argued the measure would protect consumers, give firms confidence to innovate in the U.S., and prevent future regulatory overreach.
Industry leaders from Ripple, Kraken, Circle, Cardano, and major VCs joined lawmakers to push for supportive policies. Kraken CEO Arjun Sethi stressed the bill must protect builders across protocols and token types. Armstrong also noted Congress rejected banking industry pressure to limit yield-bearing stablecoins, a move banks claimed could threaten traditional lending. Lawmakers’ stance signals growing determination to balance innovation with consumer safeguards while resisting Wall Street pushback.
KernelDAO Launches KUSD: A Yield-Bearing Stablecoin Backed by Real-World Credit
KernelDAO has introduced KUSD, a stablecoin backed by institutional receivables like remittances, payroll, and trade finance. Unlike traditional stablecoins, KUSD generates yield through repayment flows using its “Internet of Credit” layer, Kred, creating a self-reinforcing cycle of liquidity and rewards. Built on KernelDAO’s $2.4B ecosystem, KUSD aims to bridge DeFi and real-world finance, targeting inefficiencies in the $220T global payments market.
Why It Matters:
KUSD transforms stablecoins from passive stores of value into yield-generating settlement tools, aligning DeFi liquidity with real-world financial demand and institutional adoption.
Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.
