Exclusive Meeting: Coinbase CEO to Discuss Future of Digital Assets with US House Democrats

As of now, Coinbase has not provided any comments on the matter outside of regular business hours.

The outcome of the SEC lawsuits could have significant implications for the crypto market. It may establish the SEC's jurisdiction over the industry, which has long argued that tokens should not be considered securities and, therefore, not subjected to the commission's regulations.

Both Coinbase and Binance have refuted the SEC's allegations and expressed their determination to vigorously defend themselves in court.

Notably, Armstrong has been vocal in his criticism of the SEC, particularly regarding SEC Chair Gary Gensler, whom he considers an "outlier" among Washington policymakers.