Federal Reserve chair Jerome Powell took a meeting with Coinbase CEO Brian Armstrong on May 11, according to Fed records.
Paul Ryan, the former Speaker of the House, was also present at the meeting.
On May 14, Armstrong tweeted about having “spent most of this week in DC meeting with members of Congress and heads of various federal agencies.”
1/ I spent most of this week in DC meeting with members of Congress and heads of various federal agencies, along with @RonConway @katie_haun and @iampaulgrewal.
— Brian Armstrong (@brian_armstrong) May 15, 2021
The meeting was held less than a week before the Fed announced plans to release a discussion paper detailing its research into a central bank digital currency.
This story is developing and will be updated.