Coinbase CEO to Meet with US Congress to Discuss Digital Asset Legislation

Brian Armstrong, the CEO of Coinbase, is scheduled to meet with members of the New Democrat Coalition on July 19 to discuss digital asset legislation and related issues. The New Democrat Coalition is a group of roughly 100 Democrats in the House of Representatives focused on advancing “innovative, inclusive, and forward-looking policies.”

Armstrong is expected to discuss with the lawmakers how digital assets could be regulated, as well as how the technology could potentially impact national security, privacy, and the climate. The meeting comes amid different proposals in the House and Senate to legislate different aspects of the crypto space.

Coinbase is currently involved in a legal battle with the U.S. Securities and Exchange Commission over the exchange allegedly offering unregistered securities. The two parties had their first pre-motion hearing on July 13.

As an industry leader, Armstrong has previously called for discussions between U.S. lawmakers and Coinbase following the crypto market crash and the events surrounding FTX. The CEO said the exchange would be calling on crypto users to “elect pro-crypto candidates” across the U.S. — the country will have a presidential election in 2024.

Additional details:

The meeting will be held behind closed doors.

The meeting is likely to be an important opportunity for Coinbase to shape the future of digital asset regulation in the United States.

Armstrong has been a vocal advocate for crypto regulation, and he has said that he believes clear and consistent rules are essential for the industry to grow and thrive.

The meeting comes at a time when there is growing interest in digital assets among lawmakers and regulators.

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The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

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The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

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This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.

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SoV/money == BTC, DCR

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It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

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