Coinbase News: Push for Clear Crypto Regulations with 36 Recommendations

In a recent move, Coinbase has made significant strides in advocating for clearer regulations in the crypto market. Here’s a closer look at their efforts and the potential impact on the industry.

Coinbase Pushes SEC for Clear Crypto Rules with 36 Recommendations

Coinbase has responded to SEC Commissioner Hester Peirce’s request for information, emphasizing four key regulatory priorities. The SEC’s ongoing crypto initiatives suggest a move towards clearer regulations for digital assets in the U.S. Coinbase has outlined 36 recommendations to shape a structured and transparent framework for crypto markets, addressing critical elements necessary for a structured regulatory framework. These recommendations focus on establishing a clear taxonomy to differentiate digital commodities from securities and ensuring that secondary market sales of digital commodities are not classified as securities transactions.

How the Coinbase SEC Framework Could Reshape Crypto Regulations

Coinbase is proposing a new framework for the SEC to follow in order to bring clarity to crypto regulations in the U.S. The exchange is urging Congress to take the lead in defining regulatory boundaries and wants clear rules that distinguish digital assets from traditional securities. The crypto landscape in America is evolving, with the White House hosting a Crypto Summit, bipartisan support to repeal the DeFi broker rule, big steps by bank regulators to end Operation Choke Point 2.0, and a bipartisan stablecoin framework bill advancing.