According to news on June 8, Coinbase CEO Brian Armstrong said that the last time he met with the chairman of the US Securities and Exchange Commission, Gary Gensler, was in a "cold" virtual meeting, and several previous efforts to meet in person had failed.
Armstrong said: "When Gensler first came on board, my team and I contacted him, and I tried to make an effort to meet him face-to-face, because every time a new regulator comes in, I try to do that. Unfortunately. , we couldn’t get in touch at the time. I’m not sure why we couldn’t be on his schedule. After a couple of additional attempts the following year, Gensler arranged a virtual meeting with us, which was a very lukewarm reception” . Armstrong said he asked about how to register with the SEC, including what process would be required, but said, "Talk to your lawyer, I'm not here to advise you."
Armstrong also said he didn't think Gensler's views were representative of the broader U.S. government, and that 80 percent of members of Congress he spoke to disagreed with Gensler.
Armstrong said: "When Gensler first came on board, my team and I contacted him, and I tried to make an effort to meet him face-to-face, because every time a new regulator comes in, I try to do that. Unfortunately. , we couldn’t get in touch at the time. I’m not sure why we couldn’t be on his schedule. After a couple of additional attempts the following year, Gensler arranged a virtual meeting with us, which was a very lukewarm reception” . Armstrong said he asked about how to register with the SEC, including what process would be required, but said, "Talk to your lawyer, I'm not here to advise you."
Armstrong also said he didn't think Gensler's views were representative of the broader U.S. government, and that 80 percent of members of Congress he spoke to disagreed with Gensler.