COINBASE CPO calls on US Congress to act on crypto regulation

Coinbase pushes the Congress to bring legislation that provides the regulatory clarity of the cryptocurnost industry, claiming that inactivity is endangered and initiating innovation in innovative and innovative innovation.

To two pages statementThe Taverna Fariar Shirzad Main Policy officer emphasized the urgent need for a framework that encourages responsible innovations during investor protection.

Shirzad pointed out that blocks technology and digital funds offer economic opportunities, financial involvement and innovation. However, without clear rules, developers face insecurity and Consumers are missing appropriate protection.

“Blocckain and digital assets are not only technological advancement; opening the door for financial freedom, innovation and economic empowerment,” Shirzad wrote.

He warned that the United States risk losing his leadership in Blockschain technology because companies are looking for friendly regulatory environments abroad.

Key legislative priorities

Shirzad presented several key priorities for legislation, aimed at establishing a balanced regulatory framework for digital property. First and most important, there is a need for clear definitions that differ between securities, goods and other types of tokens. This clarity is necessary to provide security and investors and developers in quickly evolved digital landscape.

In addition, there is strong support for approval Commission for trade in trade Market monitor Cripto Spot, especially for large digital assets classified as goods.

The Securities and Exchange Commission should establish Commission for Definitive Guidelines that enable Blokchain projects to collect capital without categorizing each token as security. In terms of StablecoinsRegulations should ensure transparency, full substrate and supervision that promote competition and innovation and innovation, they wrote the confidence of consumers Shirzad wrote.

Consumer protection and urgency in congress action

According to Shirzad, efficient legislation must be simple and available during integration with existing financial regulations. He argued that legislators should encourage innovation by providing clear roads for developers to build decentralized systems without unnecessary restrictions.

At the same time, centralized exchanges and courts must be held at high transparency and safety standards for consumer protection.

Shirzad also stressed that consumer protection does not mean transform. Excessive constraints could driven the developmental development bar, weakening the American economy and limiting consumer access to crypto markets. Instead, Shirzad calls for a frame that stores investors while enabled to operate other innovations.

Shirzad warned that without a quick action, the United States would continue to lag behind in the Global Blocchain Race. Developers and companies will be considered in other jurisdictions more clearly, and consumers will remain exposed to fraud and system failures.

Transfer of comprehensive cryislation on cryptocurost, Shirzad claimed to protect consumers, encourage responsible innovations and set the United States as a leader in the digital economy.