Coinbase Crypto Law Reforms: US Policy Needs Overhaul
Coinbase outlines six key priorities for addressing flaws in U.S. cryptocurrency regulations. Through its chief policy officer Faryar Shirzad, the largest exchange in the United States, urging Congress to act quickly to provide clear, consistent rules for the industry.
It added Coinbase’s Pro-Crypto campaign, which included fighting legal battles to expose regulatory misconduct and advocate for clear, consistent crypto banking rules.
Coinbase’s legislative priorities for crypto law reform
Faryar Shirzad details these priorities Blog Posts Wednesday. Coinbase executives stress the need for a balanced approach to innovation and consumer protection. The blog post warns that the lack of a clear legal framework puts our innovation at risk and consumers are vulnerable to fraud.
Based on this, Coinbase proposes to clearly define digital assets. Shirzad explained that this will allow Congress to differentiate between securities, commodities and other digital tokens, ensuring investor protection and market integrity.
this Famous communication Want it too commodity futures The Trade Commission (CFTC) will be granted authorization to encrypt the spot market. Specifically, CFTC, not SEC (SEC) should regulate digital assets such as Bitcoin and Ethereum. This is with Policy shifts reported by Trump administration On the phone call CFTC’s lighter regulatory touch.
Coinbase also calls for clear capital raising rules. The SEC should be Blockchain fundraising Not classify each token as one Safety. It also wants Stablecoin regulations Implement to ensure full support of these assets and they must clearly monitor financial stability.
Another priority is protection Decentralized Finance (DEFI) and digital commerce. According to Coinbase, this will ensure defi Platform and No sterilization token (NFT) is not over-regulated. This will encourage innovation, Shirzad said.
Finally, Coinbase said it is crucial to the clarity of centralized crypto entities, allowing exchanges and custodians to follow clear federal or state guidelines for accountability.
Shirzad stressed that the United States may lag behind Blockchain innovation Without legislative action, developers and businesses can be pushed to move abroad. Inaction can protect consumers and hinder U.S. leadership in the digital economy.
With all this, Coinbase urges lawmakers to seize this opportunity to create a regulatory framework that balances innovation with consumer protection. These priorities are consistent with the exchange’s forecast for 2025, When a A favorable regulatory environment will drive Market growth.
Coinbase has been at the forefront of the legal battle against over-litigation. The company has Shooting on FDIC (Federal Deposit Insurance Company), accusing it of withholding key documents on crypto-surveillance.
In addition, its Chief Legal Officer (CLO) recently Testimonials in Congress on the revocation of cryptocurrency. Grewal strengthened the exchange’s commitment to fair regulatory practices. Meanwhile, the most recent exchanges in the United States Predicting a favorable regulatory environment Will drive market growth
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