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Ripple ruling and crypto ETFs ‘drove a lot of urgency’ among lawmakers, reportedly says Coinbase CEO

Published 07/24/2023, 12:57 PM
Updated 07/24/2023, 02:40 PM
© Reuters.

Coinbase (NASDAQ:COIN) CEO Brian Armstrong has reportedly said United States lawmakers have a renewed focus on regulatory clarity in the crypto space following talks with key officials.

According to a July 24 Axios report, Armstrong met with U.S. lawmakers on July 20 ahead of discussions and votes on pieces of legislation aimed at providing regulatory clarity on digital assets. The Coinbase CEO reportedly said the Securities and Exchange Commission’s lawsuit against Ripple — in which a court said XRP (XRP) largely did not qualify as a security — “drove a lot of urgency” among members of Congress.

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