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Coinspeaker Crypto’s Fight for Clarity: Coinbase CEO Brian Armstrong Lobbies for Crypto Regulations Coinbase CEO Brian Armstrong has revealed that he has been meeting with lawmakers in Washington, D.C., over the past 48 hours, discussing with more than a dozen Democratic and Republican senators. Armstrong, who has always been very vocal about the need for clarity within the crypto space, wrote on his X page that the focus of these meetings is to emphasize the need to formulate clear rules for the crypto industry and establish consumer protection measures for crypto users. I met with more than a dozen Dem and GOP Senators in DC over the last 48 hrs to discuss creating clear rules for the crypto industry and consumer protection for crypto users. There’s strong bi-partisan momentum to get this done in the Senate now that FIT21 has passed in the… pic.twitter.com/KWVylw1kDL — Brian Armstrong (@brian_armstrong) June 12, 2024 The Coinbase CEO remained optimistic about the growing bipartisan momentum in the US Senate to address this issue, linking it to the recent passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) in the House of Representatives as a pivotal step. He stated: “There’s strong bi-partisan momentum to get this done in the Senate now that FIT21 has passed in the House. Glad to see the voice of the crypto voter having an impact.” The Coinbase co-founder hailed the House when the FIT21 bill was passed. He believed that if the bill became law, it would bring much-needed clarity and safety for consumers in the crypto space. Armstrong also pointed out the efforts of crypto voters, and he’s excited to see that their voices are already having an impact. Members of the crypto community have hailed his movement. Seth, a crypto commentator with over fifty…

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Filed under: News - @ June 14, 2024 1:22 am