Coinbase CEO Invites Washington DC Residents to Eat Ice Cream and Discuss Crypto

Coinbase CEO Brian Armstrong and his friends. (photo: twitter @brian_armstrong)

JAKARTA - Brian Armstrong, CEO of United States-based cryptocurrency company Coinbase, is seeking lawmakers and regulators to discuss regulatory clarity in the crypto space.

In a tweet on February 13, Armstrong called out anyone with access to Dirksen's Senate Office in Washington, D.C. to meet him at the building's snack bar and "chat crypto". According to the Coinbase CEO, he looks for "low sugar options" amid his selection of ice cream and soft toppings.

Woah soft serve ice cream. Tempting. Need more low sugar options though, this place is carb central. pic.twitter.com/Hcs1K75Hmj

— Brian Armstrong (@brian_armstrong) February 13, 2023

“I'm in Washington D.C. and the meeting was cancelled,” Armstrong said. “If anyone wants to chat about crypto and how we got crypto law + regulatory clarity this year.”

Armstrong's presence in D.C. follows the Securities and Exchange Commission announcing a USD 30 million settlement with Kraken on February 9, in which the company agreed to close its staking program to US users.

Coinbase's CEO argued in a Twitter thread in response to rumors that eliminating bets would be "a bad road for the US." On February 12, he issued a statement saying Coinbase would defend staking "in court if necessary."

Coinbase CEO's appeal to senators, House representatives, and D.C. residents others ahead of US lawmakers with the Senate Banking Committee set to convene on February 14 to explore the fallout from the crypto market crash.

Representative Maxine Waters, rating member of the House Financial Services Committee, has also asked the committee leadership to hold another hearing on the FTX collapse at which former CEO Sam Bankman-Fried can testify.