Coinbase Bats For Crypto Regulations
Coinbase, a prominent U.S. cryptocurrency exchange, is focusing on establishing clear regulatory guidelines in the cryptocurrency sector, following the Securities and Exchange Commission’s (SEC) recent actions against Kraken.
The exchange’s legal team responded to an SEC letter on November 22, highlighting the need for clear regulatory frameworks. Coinbase has been seeking comprehensive regulations for digitally native securities since July 2022.
The SEC’s promise to deliver a report on crypto rulemaking by December 15 is met with dissatisfaction from Coinbase, who argues that the SEC’s actions, including Kraken’s recent actions, demonstrate a reluctance to establish firm regulatory standards.
The SEC’s impending decision on a Bitcoin exchange-traded fund (ETF) could significantly influence the mainstream adoption of cryptocurrencies. Coinbase CEO Brian Armstrong emphasizes the importance of adherence to legal and compliance standards, even if it means sacrificing growth pace, for the long-term success of the cryptocurrency industry.
You need to login in order to Like
