Crypto exchange Coinbase calls for SEC oversight shift, clearer definitions, and DeFi protection.
Coinbase Pushes for Urgent Crypto Regulation Reforms
Coinbase has outlined six key priorities for fixing the US crypto regulatory framework. The plan, spearheaded by Chief Policy Officer Faryar Shirzad, emphasizes the need for clearer asset definitions, stablecoin regulations, and a shift in oversight from the SEC to the CFTC.
Six Key Priorities for Crypto Regulation
- Clear Definitions for Digital Assets – Congress must establish clear classifications for cryptocurrencies.
- Move Oversight Away from the SEC – The CFTC should regulate Bitcoin and Ethereum, not the SEC.
- Smarter Token Classification – Not all tokens should be labeled as securities.
- Stablecoin Regulations – A transparent framework is essential for market stability.
- Protect DeFi and NFTs – Excessive regulation could stifle innovation.
- Federal & State Guidelines for Centralized Exchanges – Standardized rules are needed for accountability.
Shaping the Future of Crypto in the US
Coinbase warns that without swift action, the US risks falling behind in crypto innovation. The company urges lawmakers to adopt a balanced regulatory approach to protect consumers while fostering industry growth.
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