Coinbase cryptocurrency exchange CEO Brian Armstrong said that despite the shutdown, the U.S. has reached a “historic high” on the issue of promoting a clear market structure for digital assets.

He said the bill is already 90% complete and Democrats and Republicans are “actively working on the last 10%.”

“I’ve met with senators from both parties and they are determined to see this through,” Armstrong noted.

He also expressed hope that the document will be considered in the Congressional Select Committee by Thanksgiving (Nov. 27), and its passage could happen by the end of 2025.

Armstrong added that Coinbase continues to lobby for legislative initiatives that should provide legal certainty for DeFi protocols, consolidate the right of users to receive rewards in stablecoins and establish transparent rules for cryptocurrency companies in the United States.

Note that the shutdown in the US has been ongoing since October 1, 2025. For the tenth time, the US Senate rejected a temporary bill to fund the government, which could have ended the recent shutdown of federal agencies.