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Coinbase CEO Brian Armstrong to Meet House Democrats About Crypto Legislation: Bloomberg
Armstrong will meet privately with Congress members from the New Democrat Coalition.
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Coinbase (COIN) CEO Brian Armstrong will meet Democrats from the House of Representatives in Congress behind closed doors Wednesday morning with the crypto exchange embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC), Bloomberg reported Monday citing Democratic aides familiar with the plans.
The private meeting will be with members of the New Democrat Coalition, a caucus of over a 100 Democrats who say they are committed to pro-economic growth, pro-innovation and fiscally responsible policies, according to the group's website.
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The meeting will concern "digital-asset legislation and related issues including tax, national security, privacy and climate," the report said. Recently, lawmakers from the House and Senate have introduced separate bills in an attempt to bring clarity to crypto regulation, though the reality of a divided Congress means it's unclear whether such efforts will bear fruit.
On June 6, the SEC charged Coinbase with breaching federal securities law. 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.
Coinbase and the New Democratic Coalition didn't immediately respond to a request for comment early Tuesday morning before U.S. office hours.
Read More: Coinbase Lawyers Argue Biden Student Loans Ruling Aids Defense Against SEC
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
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- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Senate Agriculture's crypto market structure draft peppered with Democrat pitches
The latest draft of the major crypto legislation has begun to be targeted with amendments as the Senate Agriculture Committee approaches its hearing next week.
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- Proposed amendments to the Senate Agriculture Committee's crypto market structure bill have been posted, and the Democrats filing the pitches are seeking to push a number of the points they've sought over months of negotiation.
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- The committee's markup hearing for the bill is currently scheduled for next week, though a winter storm threatens the U.S. capital.
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