Brian Armstrong, the founder of Coinbase, one of the world’s largest cryptocurrency exchanges, met with US proxies. Speaking to Axios after the meeting, Armstrong stated that he exchanged information with the representatives about the new laws.
The USA is taking another step towards crypto regulations that have not been on the agenda for months. The House Financial Services Committee is preparing to approve two different bills within the week. The first bill contains some rules about the stablecoin market, while the second part focuses on curbing the SEC’s authority over crypto.
Coinbase CEO Brian Armstong, who exchanged information with lawmakers about these issues, made some statements to the press.
“Ripple (XRP) Case Is Urgent”
Speaking to local media, Coinbase founder Brian Armstrong opened a separate parenthesis to the SEC v Ripple (XRP) lawsuit. The well-known name in the crypto industry emphasized that the decision in the Ripple case led to overly optimistic expectations. Armstrong thinks this case should reach a definitive conclusion as soon as possible.
Brian Armstrong, CEO of Coinbase
“The interim decision in the Ripple case has sparked incredibly optimistic expectations. I view Judge Torres’ decision regarding the sale of XRP as positive.”
The Coinbase founder stated that with the clarification of the XRP process, the probability of positive results in ETF applications will increase. Giant asset manager BlackRock recently knocked on the SEC’s door for a spot Bitcoin ETF fund.
Finally, Armstrong talked about the difference between the US Congress and the SEC. The SEC is officially launching a crusade as Congressional lawmakers are more optimistic about crypto, according to the Coinbase boss.
