According to Fed records, chairman Jerome Powell held a meeting with Coinbase CEO Brian Armstrong on May 1.

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According to the information received, Paul Ryan, the former Speaker of the Assembly, was also present at the meeting.

Armstrong tweeted on May 14 that he “spent most of the week in meeting with DC’s members of Congress and the heads of various federal agencies.”

The Fed chair and Armstrong met shortly before the Fed’s announcement to publish its research paper on CBDC.