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<p class="is-style-lead">Coinbase has taken a proactive stance in urging the establishment of a comprehensive regulatory framework for the U.S. digital asset industry.</p>



<p class="is-style-default">The company highlighted the need for clear guidelines to drive consumer protection, industry innovation, and broader acceptance of cryptocurrencies.</p>



<h2 class="wp-block-heading is-style-default" id="proactive-approach">Proactive approach</h2>



<p><a href="https://crypto.news/coinbase-one-launches-amid-regulatory-challenges/" data-type="URL" data-id="https://crypto.news/coinbase-one-launches-amid-regulatory-challenges/" target="_blank" rel="noreferrer noopener">Coinbase</a>, one of the leading cryptocurrency exchanges worldwide, is calling for enhanced regulatory clarity in the U.S. digital asset market. This move emerges in an environment where the lack of definitive legal guidelines for cryptocurrencies has raised concerns among industry players.</p>



<p>Recently, Coinbase <a href="https://twitter.com/coinbase/status/1660678952413962240" data-type="URL" data-id="https://twitter.com/coinbase/status/1660678952413962240" target="_blank" rel="noreferrer noopener">issued</a> a statement on its official Twitter account advocating for clear and comprehensive regulatory policies for cryptocurrencies. </p>



<p>The company is prepared to contribute to defining these guidelines, striving for rules that both safeguard consumers and promote technological innovation in the dynamic sector of digital assets.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">This week, DC will see a new TV campaign that explains how crypto moves America forward and why it’s the most important technology we have to create more economic freedom.<br><br>It’s time to update the system. <br>Crypto can help.<br><br>Learn more at <a href="https://t.co/6Hf1DAqeIV" target="_blank">https://t.co/6Hf1DAqeIV</a> <a href="https://t.co/hmAQuNiA34" target="_blank">pic.twitter.com/hmAQuNiA34</a></p>&mdash; Coinbase 🛡️ (@coinbase) <a href="https://twitter.com/coinbase/status/1660678952413962240?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 22, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>As expressed on its <a href="https://www.coinbase.com/public-policy" data-type="URL" data-id="https://www.coinbase.com/public-policy" target="_blank" rel="noreferrer noopener">public policy page</a>, Coinbase seeks to engage with lawmakers and regulators to formulate &#8220;thoughtful rules and standards for the crypto economy.&#8221; The organization envisions a future in which the transformative potential of blockchain technology is accessible to all participants.</p>



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<p>Coinbase&#8217;s perspective advocates for a unified regulatory framework for <a href="https://crypto.news/market-cap/" data-type="URL" data-id="https://crypto.news/market-cap/">cryptocurrencies</a> across the U.S., as opposed to a disjointed approach that varies from state-to-state. </p>



<p>The company argues that such a <a href="https://crypto.news/sec-urges-court-to-reject-coinbases-demand-for-regulatory-clarity/" data-type="URL" data-id="https://crypto.news/sec-urges-court-to-reject-coinbases-demand-for-regulatory-clarity/">framework</a> would not only protect consumers and investors but also foster innovation, helping the U.S. sustain its competitive standing in this rapidly expanding industry.</p>



<p>In particular, Coinbase calls for more distinct guidelines around tax reporting, anti-money laundering efforts, and securities classification. </p>



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<iframe title="Gary Gensler STRIKES BACK at Coinbase 🔥 BREAKDOWN" width="1020" height="574" src="https://www.youtube.com/embed/-QNPTGvOw5E?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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<p>The company views these clarifications as essential for offering users regulatory certainty and transparency, and for encouraging <a href="https://crypto.news/cz-says-stablecoin-regulation-will-boost-adoption/" data-type="URL" data-id="https://crypto.news/cz-says-stablecoin-regulation-will-boost-adoption/">broader acceptance of digital assets</a>.</p>



<p>This plea for regulation represents a new development in the crypto industry, which has generally favored limited government intervention. </p>



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Coinbase advocates for better crypto regulations in US

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