Coinbase's Chief Policy Officer (CPO) urges US Congress to establish clear crypto regulations that benefit the industry and protects users.
CPO suggests six key priorities including defining digital assets, granting CFTC spot market authority, creating rules for responsible fundraising, establishing a stablecoin framework, protecting DeFi and digital commerce, and ensuring clarity for centralized entities.
Coinbase believes that regulatory clarity will unlock the potential of blockchain and safeguard the public while promoting innovation.
Coinbase sent a letter to US regulators seeking clarity on crypto banking barriers in the efforts to support the crypto economy.