Brian Armstrong, chief executive of US cryptocurrency firm Coinbase, is looking for lawmakers and regulators to discuss regulatory clarity in the crypto space.
In a February 13 tweet, Armstrong put a call for anyone with access to Dirksen’s Senate office in Washington, D.C. to meet him at the building’s snack bar and “discuss crypto.” According to the CEO of Coinbase, he was looking for “low sugar options” among the selection of soft serve ice creams and toppings.
“‘I’m in Washington D.C. and got a meeting canceled,’ Armstrong said. “If anyone wants to come and discuss crypto and how we’re getting crypto legislation + regulatory clarity this year .”
Armstrong’s presence in DC followed the Securities and Exchange Commission’s announcement of a $30 million settlement with Kraken on Feb. 9, in which the company agreed to end its user staking program. Americans. The Coinbase CEO argued in a Twitter thread responding to rumors that eliminating staking would be a “terrible path for the United States.” On February 12, he issued a statement saying that Coinbase would defend staking “in court if necessary.”
Related: Coinbase CEO Announces Documentary on Cryptocurrency and the Exchange
The Coinbase CEO’s appeal to Senators, House Representatives and other DC residents preceded US lawmakers, with the Senate Banking Committee preparing to hold a Feb. 14 hearing to explore the impact of a crash. of the crypto market. Representative Maxine Waters, a senior member of the House Financial Services Committee, also called on leading the committee to hold another hearing on the FTX collapse in which former CEO Sam Bankman-Fried could testify.