COINBASE CONCENTS Congress to act on crypto regulation or innovation of risk innovation

Coin The Fariar Shirzad Main Officer called on the American Congress to pass clear crypto regulations, warning that the risks of inactivity continued to push innovative and other unprotected American consumers.

In a Policy Letter Considered why Congress must act: Clarity for Consumer Consumers, the stock exchange pointed out the urgent need for legislative posts in the space for digital means and emphasizing that blockchain technology reshapes global economy.

The coin called on legislators to create a framework that both encourage innovation and consumer protection.

According to Shirzad:

“The lack of clear legislation in the potential of the United States, leaves exposed consumers and initiates innovation innovatively innovative.”

Key legislative priorities

Letter to the waitresses highlighted key legislative priorities, including digital assets, giving commodity commissions for trading traders (CFTC) (CFTC) surveillance of cryptot site and establishment Clear rules for stablecoins and capital collection.

The company also pushed for a regulatory framework that distinguishes securities and goods, a the point of the argument Between players in the industry and the Securities and Replacement Commission (SEC).

Among Its Policy Recommendations, Coinbase Stressed The Need to Protect Defi and Digital Commerce From Regulatory Overreach While Ensuring Centralized Platforms That Custody Customer Funds Are Held to High Transparency And Security Standards.

The company claimed that BlockSchain networks should allow users to control their digital assets without unnecessary restrictions. The letter was warned:

“Inactivity risks are clear. Without regulatory clarity, the United States will still lose the edge in BlockSchain innovation.”

COINBASE complaint comes as legislators discussing various proposals related to crypto, to persuade the Congress to provide clear, executive guidelines with the advocates of industry.

Move the tide

Biden administration and federal regulators, including former sec stool Gary Genslerhe held Strict attitude about digital propertyclaiming that many tokens should be treated as securities.

However, the landscape dramatically switched to positively under new Abdomen Administration. Industry leaders see the opportunity for balanced regulatory discussions that legislators express growing readiness to engage in crypts and consider legislation that encourages innovation, and does not focus exclusively on exclusively.

The coin pointed out that over 52 million Americans hold CRIPTO, which illustrates the importance of legislative action to maintain American leadership in the global digital economy.

Shirzad wrote:

“The adoption of thoughtful legislation will protect consumers, while strengthening them to participate fully in the Clockchain economy.”

With the regulatory transfer of landscapes, legislators must provide a crucial decision: embrace a framework that encourages responsible growth or allows insecurity to push one of the fastest growing industries outside the American borders.

Coinbase said that the thoughtful regulation could empower developers, protect consumers and establish an American global leader in digital property, but hesitation can be shown together in an increasingly competitive global market.

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