Crypto exchange Coinbase is urging Congress to take action and prioritize six key legislative initiatives to fix broken crypto laws, protect consumers, and prevent blockchain innovation from moving overseas. The priorities include defining digital assets and transactions, granting authority to the Commodity Futures Trading Commission (CFTC) over the spot market, establishing clear rules for capital raising, creating a stablecoin framework, protecting decentralized finance and digital commerce, and clarifying oversight for centralized crypto entities. Coinbase warns that without regulatory clarity, the US will lose its edge in blockchain innovation and consumers will remain vulnerable to fraud.
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