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  <p class="is-style-lead">Coinbase CEO Brian Armstrong will meet with a bipartisan group of US House of Representatives on July 19 to discuss proposed new laws about digital assets.&nbsp;</p> 
  <p>The US Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase and Binance, alleging that they failed to carry out registration. </p> 
  <p>According to <a href="https://www.bloomberg.com/news/articles/2023-07-17/coinbase-ceo-brian-armstrong-set-to-meet-with-house-democrats?in_source=embedded-checkout-banner" target="_blank" rel="noopener noreferrer nofollow">Bloomberg</a>, Armstrong plans to discuss taxation, national security, privacy issues, and climate change against this background.</p> 
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     <p lang="en" dir="ltr">Coinbase CEO Brian Armstrong will meet with US House Democrats behind closed doors on Wednesday <a href="https://t.co/Rm6w3u1uaC" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Rm6w3u1uaC</a></p>— Bloomberg (@business) <a href="https://twitter.com/business/status/1681089332990410752?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 17, 2023</a> 
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  <p>The New Democrat Coalition representative said in an email that the meeting would touch upon vital matters relevant to the industry. </p> 
  <p> You might also like: <a href="https://crypto.news/bank-of-america-not-randomly-closing-accounts-of-coinbase-clients/" rel="noopener noreferrer nofollow"> Bank of America not randomly closing accounts of Coinbase clients </a> </p> 
  <p>Successful SEC lawsuits could significantly impact the <a href="https://crypto.news/learn/no-stupid-questions-whats-a-crypto-token-anyway/" rel="noopener noreferrer nofollow">cryptocurrency</a> market, as they would establish the commission’s authority over the sector. Traditionally, the industry has argued that tokens are not securities and should not fall under the SEC’s regulatory purview. A favorable outcome for the lawsuits could thus trigger transformative changes in cryptocurrency, especially in light of Ripple’s latest victory.</p> 
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   <div class="wp-block-embed__wrapper"> <iframe title="Coinbase CEO Brian Armstrong on SEC lawsuit: We've had a long history of being transparent with them" width="1020" height="574" src="https://www.youtube.com/embed/YGCSf6Hx14c?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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  <p>Coinbase and <a href="https://crypto.news/learn/beginners-guide-trading-binance/" rel="noopener noreferrer nofollow">Binance</a> have rejected the SEC’s allegations against them and promised a robust defense. Armstrong has been an outspoken opponent of the SEC, calling SEC Chair Gary Gensler an “outlier” in the Washington policymaking community.</p> 
  <p>The outcome of these cases could shape the future regulatory framework for cryptocurrencies and have far-reaching consequences for market participants.</p> 
  <p> Read more: <a href="https://crypto.news/sec-wont-object-to-coinbases-motion-to-speed-up-case/" rel="noopener noreferrer nofollow"> SEC won’t object to Coinbase’s motion to speed up case </a> </p>
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Coinbase CEO Brian Armstrong set to speak to House Democrats privately

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