The post Coinbase Reveals 6-Point Plan to Fix US Crypto Regulations appeared first on Coinpedia Fintech News
A day after Binance CEO Richard Teng praised the improving regulatory environment for crypto in the US, Coinbase’s Chief Policy Officer, Faryar Shirzad, stepped in with a bold take – outlining six key priorities to fix the country’s crypto framework. His timing couldn’t be more interesting. With US President Donald Trump promising to make America the “Crypto Capital,” regulations are shifting fast. About time, right?
So, what exactly does Coinbase think needs to change? And could these proposals finally bring the clarity the industry has been waiting for?
Let’s dive into the six key priorities that could shape the future of crypto in the US.
Why US Crypto Regulations Need Urgent Reform
The US crypto regulatory landscape needs major changes. While the current administration appears supportive of the industry, regulatory efforts won’t have a real impact unless key issues are addressed.
This is where Shirzad’s insights become important. In a recent blog post, he outlined six priority areas, covering everything from defining digital assets to setting clear rules for centralized crypto firms.
Six Key Priorities for Crypto Regulation
Here are the six areas Coinbase believes need immediate attention:
1. Clear Definitions for Digital Assets
The post stresses the need to properly define digital assets. A clear definition would help Congress distinguish between securities, commodities, and other digital tokens, ensuring appropriate oversight.
2. Shifting Oversight Away from the SEC
The post suggests that the Commodity Futures Trading Commission (CFTC) is more qualified than the Securities and Exchange Commission (SEC) to regulate major cryptocurrencies like Bitcoin and Ethereum—aligning with the industry’s stance in ongoing legal battles.
3. A Smarter Approach to Token Classification
Shirzad argues that not every token should automatically be classified as a security. He calls for a clear regulatory framework that allows crypto projects to raise capital without unnecessary restrictions.
4. Stablecoin Regulations for Market Clarity
With stablecoin regulation being a hot topic, Coinbase highlights the need for a clear framework to ensure transparency and stability in this rapidly growing sector.
5. Protecting DeFi and NFTs from Overregulation
The blog post warns that excessive regulation could harm innovation in decentralized finance (DeFi) and non-fungible tokens (NFTs). Shirzad emphasizes the need for a balanced approach to avoid stifling growth in these areas.
6. Federal and State Guidelines for Centralized Exchanges
Finally, Coinbase calls for clear regulations at both federal and state levels to ensure accountability for centralized crypto firms.
Coinbase urges lawmakers to move quickly before the US falls behind in crypto innovation. The exchange believes a well-balanced regulatory framework can protect consumers while allowing the industry to grow.
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The post Coinbase Reveals 6-Point Plan to Fix US Crypto Regulations appeared first on Coinpedia Fintech News
A day after Binance CEO Richard Teng praised the improving regulatory environment for crypto in the US, Coinbase’s Chief Policy Officer, Faryar Shirzad, stepped in with a bold take – outlining six key priorities to fix the country’s crypto framework. His timing couldn’t be more interesting. With US President Donald Trump promising to make America …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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