Coinbase CEO Brian Armstrong reportedly met with U.S. lawmakers to discuss their approach to crypto regulation. The Ripple lawsuit and ETFs played a big role in driving the urgency.
“Rep. Patrick McHenry is very much committed to getting legislation,” said Armstrong. “Maxine Waters is looking at it deeply, as far as I can tell. [...] I think the Ripple case drove a lot of urgency. Same with these bitcoin ETF filings that we’ve been seeing recently from Blackrock, Fidelity, and major financial services firms.
”and blockchain currently being discussed in the House of Representatives and Senate, including the Financial Innovation and Technology for the 21st Century Act, Responsible Financial Innovation Act, Digital Asset Anti-Money Laundering Act, and Digital Asset Market Structure bill. According to Armstrong, the SEC. v. Ripple ruling was creating “optimism that shouldn’t be underestimated,” pushing lawmakers to consider a legislative path forward rather than relying on court decisions.
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