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Coinbase CEO to Meet US House Democrats to Discuss Crypto

Published 18/07/2023, 08:39
© Reuters
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  • Coinbase (NASDAQ:COIN) CEO Brian Armstrong will hold private meetings with House Democrats.
  • SEC lawsuits against Coinbase and Binance prompt CEO Brian Armstrong to address key topics in the meeting.
  • Coinbase CEO’s closed-door meeting with House Democrats covers lawsuits, taxation, and national security.

Brian Armstrong, the CEO of Coinbase, has organized a private meeting with a number of House Democrats for Wednesday, where he intends to discuss the future of legislation pertaining to digital assets. This discussion is taking place as renowned cryptocurrency exchanges Coinbase and Binance are involved in ongoing legal disputes.

Both exchanges are the targets of litigation brought by the U.S. Securities and Exchange Commission (SEC), which claims they did not register their business operations with the regulatory body.

In addition to discussing the lawsuits, Armstrong will touch on various related topics during the meeting. These include taxation, national security, privacy concerns, and climate considerations. A spokesperson from the New Democrat Coalition conveyed this information through an email statement.

At present, Coinbase has not provided an immediate respon…

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