Coinbase CEO Brian Armstrong is leading the charge for clear crypto regulations in the United States. Over the past 48 hours, he has met with more than a dozen Democratic and Republican Senators to discuss the need for definitive rules and consumer protection in the rapidly evolving crypto space.

Armstrong has been actively lobbying in Washington, D.C., to promote the establishment of clear regulations for the crypto industry. He believes that the House of Representatives' passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) represents a pivotal step toward establishing a regulated framework for cryptocurrencies.

The Coinbase CEO is optimistic about the bipartisan momentum in the U.S. Senate and believes that the FIT21 Act will bring much-needed clarity and protection for consumers if it becomes law. He also highlighted the growing bipartisan support for crypto and emphasized the need for clear regulatory guidelines to prevent misuse by activists targeting the industry.

Armstrong also underscored the role of Stand With Crypto, a crypto advocacy group founded by Coinbase, in advocating for sensible regulations. He believes that the House vote is a rebuke to efforts aimed at undermining crypto technology and expressed confidence that crypto voters will remember this outcome during the upcoming elections.

The Biden administration is also reportedly in discussions with crypto industry stakeholders about accepting cryptocurrency donations through Coinbase Commerce. This platform, which supports multiple cryptocurrencies, is already used by the pro-crypto candidate Donald Trump's campaign for digital contributions.

The Coinbase CEO's efforts toward clear crypto rules might also be recognized amid the shift in stance. Recently, sources familiar with the Biden campaign revealed that these discussions are part of a broader strategy to court crypto-focused voters in anticipation of a tightly contested election.