tl;dr
Coinbase's chief policy officer, Faryar Shirzad, outlined six legislative priorities for crypto law reform in the US. These priorities include the need for clear and consistent rules, defining digital assets, granting authority to the Commodity Futures Trading Commission over crypto spot markets, es...
Coinbase's chief policy officer, Faryar Shirzad, outlines six key legislative priorities for crypto law reform in the US. These include the need for clear and consistent rules, defining digital assets, granting authority to the Commodity Futures Trading Commission over crypto spot markets, establishing transparent capital-raising rules, implementing stablecoin regulations, and protecting decentralized finance and digital commerce. Coinbase emphasizes the necessity for a balanced approach to innovation and consumer protection, warning of the risks of falling behind in blockchain innovation without legislative action. The company predicts a favorable regulatory environment driving market growth in 2025.
Shirzad emphasizes the need for a balanced approach to innovation and consumer protection, warning that the lack of a clear legal framework leaves US innovation at risk and consumers vulnerable to fraud. Coinbase proposes clearly defining digital assets to ensure investor protection and market integrity. Additionally, it calls for granting authority to the Commodity Futures Trading Commission over crypto spot markets, establishing transparent capital-raising rules, implementing stablecoin regulations, and protecting decentralized finance and digital commerce, all to encourage innovation and market stability.
Coinbase warns that without legislative action, the US risks falling behind in blockchain innovation, potentially leading developers and businesses to move abroad and leaving consumers unprotected. The company urges lawmakers to create a regulatory framework that balances innovation with consumer protection. These priorities align with Coinbase's predictions for 2025, where a favorable regulatory environment is expected to drive market growth. Coinbase has been actively involved in legal battles and advocating for fair regulatory practices in the crypto industry.