In the last two days, Coinbase CEO Brian Armstrong has been in talks with more than a dozen senators from both the Democratic and Republican parties in Washington, D.C. The main focus of these discussions has been to establish clear regulations for the cryptocurrency industry and to improve consumer protections. Armstrong emphasized that there is significant bipartisan support in the Senate for these initiatives, especially after the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21).
Armstrong expressed his positive outlook on the growing influence of cryptocurrency advocates in shaping policy. However, there has been opposition to the bill from the White House and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler.
