Speaking about discussions with senior officials regarding the issue of sector regulation, Brian Armstrong, CEO of Coinbase (NASDAQ:COIN), the top centralized cryptocurrency exchange (CEX) in the United States, discussed the situation. As a result, he has spent the last two days meeting with senators from both parties to discuss the need for transparent regulations governing the cryptocurrency market and the safeguarding of investors.
As stated by x.com
Does anything else exist? Armstrong brought up the fact that the FIT21 Act, which sought to establish rules for digital assets and to divide up crypto regulation powers between the CFTC and the SEC, was passed by the House of Representatives in May. marketplaces (SEC).
As per the top manager’s information, there is a diverse group of senators who are in favor of this initiative. The initiative can now be put into action thanks to the vote, as President Joe Biden’s administration chose not to veto it.
According to Armstrong, it’s fantastic that the crypto voter’s opinion is being heard.
In June, Trump met with prominent U.S. mining companies and promised to back the industry to the point where “all remaining bitcoins are mined in the United States.” This comes after Trump previously declared his intention to become “crypto president.”