Coinbase CEO Brian Armstrong is set to meet with members of the New Democrat Coalition in the House of Representatives Wednesday morning, according to Bloomberg. The private meeting will focus on digital-asset legislation and related issues including tax, national security, privacy, and climate. This comes as Coinbase is currently embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC).
Recently, lawmakers from the House and Senate have introduced separate bills in an attempt to bring clarity to crypto regulation. On June 6, the SEC charged Coinbase with breaching federal securities law, to which Coinbase responded saying the SEC’s action violates due process and constitutes an abuse of discretion.
Coinbase shares rose over 24% Thursday after a court handed Ripple and, by implication, the crypto industry, a partial victory in a case against the SEC, ruling that Ripple’s XRP token is not a security.
The meeting will concern ‘digital-asset legislation and related issues including tax, national security, privacy, and climate,’ the report said, according to Bloomberg.