Coinbase CEO Brian Armstrong To Meet With U.S. House Democrats Over Cryptocurrency Regulation

Coinbase CEO Brian Armstrong will meet with U.S. House Democrats on Wednesday to constructively discuss crypto regulation, according to the Coinbase blog on Tuesday.

The meeting, which will be hosted by the Congressional Blockchain Caucus, is scheduled to take place at 1pm. ET Wednesday at the Rayburn House office building in Washington, DC. The caucus was established by Congressman Jared Polis (D-Colo.) and Congressman David Schweikert (R-Arizona) in 2017 with the goal of educating members of Congress about blockchain technology and its applications. its potential in government and industry.

The meeting comes just days after Representative Brad Sherman (D-California) called for a ban on cryptocurrencies if they do not comply with anti-money laundering laws in a speech in the courtroom of the House Financial Services Commission. Institute of Digital Currency.

Armstrong said he will attend the meeting to discuss how Coinbase can work with regulators to better understand crypto innovation and how it can help improve financial services for people. consumers and businesses. I look forward to discussing these matters with them,” he wrote. in a blog post published Tuesday afternoon. We believe this constructive dialogue between regulators