Coinbase calls for policy change to allow workers to be crypto

Coinbase has formally requested that American regulators raise a ban on the prevention of staff of securities and programming to buy, sell or use cryptocurries that are not securities that are not securities.

In letters from 22. April, the main legal officer Paul Graval wrote both Secular Stools and the American Office of Ethics and claimed that the current policies of the carriage capability of the regulator to effectively monitor the Kruptocurrency industry.

Current policy undermines effective regulation, coinbase arguments

In letters, Graval points out that the ban comes in specially problematic time. President Trump also focused second agencies to submit recommendations for regulatory proposals for the improvement of American digital financial management within 180 days through executive order.

CLO CLO notes that almost half of this time frame has already passed, but staff members still cannot use the technology that tasks to regulate.

Graval claims that the understanding of technology requires it to use it that the current situation is interfering with the CRIPTO CRIPTO Capability of the CRIPTO working group to help grow trail for regulatory clarity.

The company calls for the office of government ethics to abolish and update legal advisory counseling 22-04. This prohibits the Commission staff to buy, sell or otherwise using crypto funds.

Letter Chairman SEC Atkins proposes practical solutions. One option is to issue a waiver to the CRIPTO workgroup members and other staff who actively work on fire cryptocurrency. According to the heater, this approach would be in line with measures already taken in “variable advisory situations”.

This would also enable the Commission staff directly responsible for the implementation of the cryptocurrency regulations to properly understand and evaluate basic technology.

Coinbase proposes a nuanced approach to potential conflicts of interest. The exchange suggested that the SEC staff can own crosses under certain conditions. Graval claims that the current cover ban is especially problematic, given that most crypto assets activities do not include securities.

As an alternative, coin suggests that the Commission could clarify that certain funds of cryptocurrency would not have a direct and predictable impact on the value of these funds.

Graval notes that persons such religue would align with the views expressed by the Office of the Inspector General. They stated that the Commission’s ability to remain an effective regulator needed to monitor market environment and appropriate adaptation of expertise, rules, regulations and supervisory tools.