Coinbase Chief Brian Armstrong, is slated to have a close door meeting with House Democrats to discuss the regulatory landscape of cryptocurrencies. The meeting, which is being coordinated by the New Democrat Coalition, will delve into various aspects of crypto legislation, including taxes, national security, privacy, and environmental impact, per Bloomberg.

The meeting is scheduled for Wednesday and the New Democrat Coalition, a group of 100 center-left members who aim to collaborate on a range of issues to promote innovative and inclusive policies will be in attendance.

For a long time, Coinbase Chief has been advocating for clearer regulations within the cryptocurrency industry. About one year ago,  Armstrong’s Coinbase petitioned the US Securities and Exchange Commission (SEC) to provide regulations clarifying how securities laws apply to cryptocurrency and to engage in a formal notice-and-comment process to allow the public to contribute.

Coinbase is currently embroiled in a lawsuit filed by the US SEC, which alleged that the platform violated regulations that require it to register as a securities exchange. Despite these allegations, Coinbase has been pushing for the dismissal of the SEC lawsuit, arguing that the SEC has not provided a clear pathway for it to register as a compliant trading platform.

The SEC recently claimed that Coinbase was aware of a potential securities breach when it listed certain cryptocurrencies. Despite these ongoing legal battles, Coinbase shares have seen a surge in recent days, buoyed by a series of positive developments, including the listing of the exchange as a surveillance-sharing partner for several spot Bitcoin ETF applicants in the United States, such as BlackRock and Fidelity.

The meeting between Armstrong and House Democrats underscores the ongoing dialogue and negotiation between the crypto industry and regulatory bodies, as both sides seek to navigate the complex and rapidly evolving landscape of digital assets.