Coinbase, the largest US-based cryptocurrency exchange, has outlined six key priorities to address flaws in US crypto regulation. The exchange is urging Congress to provide clear and consistent rules for the industry. Coinbase is calling for the clear definition of digital assets to ensure investor protection, as well as for the Commodity Futures Trading Commission (CFTC) to regulate digital assets like Bitcoin and Ethereum instead of the Securities and Exchange Commission (SEC). The exchange also wants transparent guidelines for blockchain fundraising, stablecoin regulations, and protection for decentralized finance (DeFi) and digital commerce. Coinbase warns that inaction in creating a regulatory framework could lead to the US falling behind in blockchain innovation and hinder America's leadership in the digital economy.



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