{"id":55368,"date":"2023-07-27T06:31:31","date_gmt":"2023-07-27T10:31:31","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=55368"},"modified":"2023-07-27T06:31:34","modified_gmt":"2023-07-27T10:31:34","slug":"coinbase-ceo-tells-americans-to-urge-reps-to-vote-yes-on-fit21","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinbase-ceo-tells-americans-to-urge-reps-to-vote-yes-on-fit21\/","title":{"rendered":"Coinbase CEO Tells Americans to Urge Reps to Vote ‘Yes’ on FIT21"},"content":{"rendered":"\n

The CEO of Coinbase, Brian Armstrong, has implored U.S. citizens to contact their representatives via email and urge them to vote “yes” on the Financial Innovation and Technology for the 21st Century Act (FIT21), which could provide regulatory clarity for cryptocurrencies<\/a>.<\/p>\n\n\n\n

\"Coinbase
Coinbase CEO Tells Americans to Urge Reps to Vote ‘Yes' on FIT21<\/figcaption><\/figure>\n\n\n\n

On July 26, lawmakers approved FIT21 and the Blockchain Regulatory Certainty Act through a vote. The measures are anticipated to provide crypto firms with clarity, including defining the jurisdictional differences between securities and commodities regulators.<\/p>\n\n\n\n

Armstrong tweeted that as the voting will resume the following day, Americans can urge their representatives to vote “yes” on FIT21.<\/p>\n\n\n\n

According to the CEO of Coinbase, the bill will continue to evolve throughout the legislative process. However, Armstrong believes this vote would protect digital assets<\/a>, innovation, and national security for Americans.<\/p>\n\n\n\n

\n

Important action you can take to protect the value of your crypto in America:

Today, two House committees started voting to take an important step on legislation that will create regulatory clarity for crypto. They will continue tomorrow. The bill will evolve during the\u2026<\/p>— Brian Armstrong (@brian_armstrong) July 27, 2023\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/blockquote>

In addition to protecting consumers and bolstering national security, Coinbase stated that the initiative has the potential to “promote job opportunities” in the country.<\/p>\n\n\n\n

This suggests that crypto companies based in the United States evaluating other jurisdictions may opt to remain in the United States and continue to employ local talent.<\/p>\n\n\n\n

In response to regulatory uncertainty in the United States, several crypto companies explored international markets that may be a suitable fit earlier this year. Armstrong visited the United Arab Emirates <\/use><\/svg><\/span><\/a>on May 8 to evaluate its viability as a strategic center for Coinbase.<\/p>\n\n\n\n

Gemini chose Ireland as the headquarters for its European operations on May 26 amidst what industry observers have termed a “war on crypto” in the United States.<\/p>\n\n\n\n

Throughout the year, Coinbase continued to engage with U.S. regulators despite the difficulties in the United States. On February 13, the Coinbase CEO invited regulators to get ice cream and discuss cryptocurrencies in Washington, D.C.<\/p>\n\n\n\n

Armstrong reportedly convened with members of Congress on July 19 to discuss digital asset legislation behind closed doors.<\/p>\n","protected":false},"excerpt":{"rendered":"

The CEO of Coinbase, Brian Armstrong, has implored U.S. citizens to contact their representatives via email and urge them to vote “yes” on the Financial Innovation and Technology for the 21st Century Act (FIT21), which could provide regulatory clarity for cryptocurrencies. On July 26, lawmakers approved FIT21 and the Blockchain Regulatory Certainty Act through a […]<\/p>\n","protected":false},"author":12,"featured_media":4891,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1091,150,376,15476],"class_list":["post-55368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-brian-armstrong","tag-coinbase","tag-cryptocurrencies","tag-fit21"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Coinbase-CEO-Brian-Armstrong-and-Fed-chair-met-in-May-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=55368"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/55368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/4891"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=55368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=55368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=55368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}