Brian Armstrong, CEO of United States-based cryptocurrency company Coinbase, is looking to lawmakers and regulators to discuss regulatory clarity in the crypto space.
In a February 13 tweet, Armstrong close call for anyone with access to Dirksen’s Senate Office in Washington, DC to meet him at the building’s snack bar and “chat about crypto.” According to the CEO of Coinbase, they are looking for “low sugar options” among the ice cream options and soft toppings.
“I was in Washington DC and the meeting was cancelled,” Armstrong said. “If anyone wants to talk about crypto and how to get crypto legislation + regulatory clarity this year.”
Armstrong’s presence in DC followed the Securities and Exchange Commission announced a settlement of $ 30 million with Kraken on February 9, which the firm agreed to close its staking program for US users. Coinbase’s CEO denied in a Twitter thread responding to rumors that eliminating staking would be a “terrible path for the US” On February 12, he issued a statement stating that Coinbase will defend staking “in court if necessary.”
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The Coinbase CEO’s call to senators, House representatives and other DC residents comes ahead of US lawmakers with the Senate Banking Committee preparing to hold a hearing on February 14 exploring the impact of the crypto market crash. Representative Maxine Waters, ranking member of the House Financial Services Committee, also called on committee leaders to hold another hearing on FTX’s collapse where former CEO Sam Bankman-Fried could testify.