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.