Coinbase CEO Brian Armstrong commented on the House of Representatives vote on FIT21, or the Financial Innovation and Technology for the 21st Century Act, on the social media platform X.

Armstrong called it a "historic vote," adding that it will "finally start to create some clear rules to regulate crypto" if passed into law.

"Americans want to know their representatives are protecting their rights to use crypto, creating clear rules to protect consumers, and won't let the lack of clarity be weaponized by a few activists in the administration trying to unlawfully kill an industry," Armstrong continued. 

Armstrong then included a note for Stand With Crypto, a crypto-focused advocacy group that the exchange initiated. 

FIT21 aims to provide robust legal rules for digital …