Coinbase Urges US Congress To Act On Crypto Regulations, Outlines 6 Key Prior...
Coinbase’s Chief Policy Officer (CPO) asked US lawmakers to establish a robust regulatory framework that benefits the crypto industry and American investors, suggesting six key priorities to protect users and develop the sector with clear regulations. Related Reading: Binance CEO Expects Start Of Crypto ‘Golden Era’ Under Trump Administration Coinbase Urges Congress To Unlock The […]
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Bitcoin is on the map in Congress as this morning as Politico, a leading newspaper and website predominantly read by Capitol Hill Staff Members and Congress published an article entitled, "Congress Starts Looking Into Bitcoin." What does this mean for the Bitcoin community, Congress and the US Executive Branch? Ideally, Members of Congress and the US Senate will take a closer and more holistic look into how regulators have been handling Bitcoin and will proceed with regulations or lack thereof. While, it would be even more ideal for Bitcoin to have more time to flourish prior to catching....
U.S. Senator Pat Toomey has called on Congress to stop the Treasury Department from maximizing its ability to regulate and tax crypto by picking winners and losers. “Congress should not allow that to happen,” he said. US Senator Urges Lawmakers Not to Crush Crypto Innovation Following the endorsement of a crypto tax amendment by the White House, concerns have been raised that the U.S. government is picking winners and losers in the crypto space. Two crypto tax amendments to the $1 trillion infrastructure bill have been introduced but the White House has chosen to endorse the....
After the country’s first stablecoin bill (the GENIUS Act) passed last year, the proposed crypto market structure bill, the CLARITY Act, faced significant delays in the US Congress, particularly due to growing opposition from the traditional banking sector. In this climate, Coinbase’s Chief Policy Officer, Faryar Shirzad, has outlined five critical recommendations on what Congress […]
U.S. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Securities and Exchange Commission (SEC) is not sharing its framework for regulating crypto with lawmakers, noting that Chairman Gary Gensler “owes us much more clarity on how and why he intends to apply SEC regulations.” US Senator Wants Congress to Step in on Crypto Regulation U.S. Senator Pat Toomey (R-PA), a ranking member of the Senate Banking Committee, discussed cryptocurrency regulation in an interview with Bloomberg Thursday.....
The Nasdaq-listed crypto exchange Coinbase has been meeting with members of Congress to discuss the cryptocurrency regulation it plans to propose, according to CEO Brian Armstrong. In addition, the company has met with more than 30 crypto firms, four major law firms, and three trade groups about its crypto proposal.
Coinbase Meeting Congress Members and Crypto Firms on Regulatory Framework for Crypto
Coinbase is on a mission to influence crypto regulation in the U.S. CEO Brian Armstrong tweeted Thursday:
We’ve now met with 30+ crypto firms, 25+ members of congress....