Coinbase, a leading cryptocurrency exchange, has called on the US Congress to pass clear regulations for the crypto industry in order to prevent innovation from moving overseas and to protect American consumers. The company emphasized the urgent need for legislative clarity, stating that the absence of clear legislation stifles potential and exposes consumers to risks. Coinbase outlined key legislative priorities, including defining digital assets, granting oversight of crypto spot markets to the Commodity Futures Trading Commission, and establishing clear rules for stablecoins and capital raising. The company also urged for a regulatory framework that distinguishes between securities and commodities. Coinbase argued that without regulatory clarity, the US will continue to lose its edge in blockchain innovation and risk falling behind in the global digital economy.



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