Coinbase CEO says crypto bill could transform US financial system as Senate vote approaches.

Lawmakers race to establish clearer crypto rules as banks increasingly integrate stablecoins and digital asset services.

Coinbase CEO Brian Armstrong said a major cryptocurrency bill, the Clarity Act, moving through the Senate could reshape how Americans interact with money and financial markets as lawmakers work toward a potential Senate floor vote in the coming months.

Armstrong joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss the legislation, which aims to establish clearer regulatory rules for digital assets. The bill includes new compromises tied to stablecoin rewards and protections for software developers, as lawmakers, banks and crypto firms continue negotiations.

Armstrong described the latest version of the bill as a "true compromise," saying both the crypto industry and the banking sector have made concessions during negotiations.