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Coinbase CEO Engages with US Lawmakers to Shape Crypto Legislation: Report

Coinbase CEO Engages with US Lawmakers to Shape Crypto

The U.S. Securities and Exchange Commission is currently engaged in a legal dispute with the crypto exchange, accusing them of offering unregistered securities after Coinbase CEO.

Coinbase CEO Brian Armstrong reportedly plans to meet with members of Congress to discuss digital asset legislation and related matters. The scheduled meeting set to take place on July 19, focusing on progressive policies. Armstrong aims to address digital asset legislation, as well as the potential impact of technology on national security. This meeting occurs amidst ongoing proposals in both the House and Senate to regulate various aspects of the cryptocurrency space. Coinbase is also currently engaged in a legal battle with the U.S. Securities and Exchange Commission regarding allegations of offering unregistered securities. A pre-motion hearing between the two parties took place on July 13.

Armstrong, being at the forefront of the industry, has previously urged for dialogues between U.S. legislators and Coinbase in the wake of the crypto market downturn and the incidents connected to FTX. The CEO expressed that the exchange intends to encourage crypto users to vote for candidates who support cryptocurrencies in the upcoming 2024 presidential election.

Cointelegraph attempted to obtain a comment from Coinbase but did not receive a response when the article was published.

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