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Crypto Regulations in the US Broken? Coinbase Lays Out 6-Point Solution

  • Coinbase has proposed a six-point framework to address the U.S.’s crypto regulatory gaps.
  • The plan focuses on empowering blockchain programmers, protecting consumers' right to self-custody, and ensuring access to the rewards of blockchain innovation.
  • It also emphasizes the need for clear rules for centralized entities and differentiation of various crypto assets.
  • Coinbase pushes for CFTC oversight of the crypto spot market, while DeFi protocols, smart contracts, and NFTs should remain exempt from extreme restrictions.

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