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<ul><li>Coinbase has called out the SEC’s regulation by enforcement-only approach for the crypto industry.</li><li>The crypto giant claimed that regulatory uncertainty would threaten 4 million jobs by 2030.</li><li>Coinbase’s comments came ahead of SEC Chair Gensler’s testimony in front of the Senate Banking Committee.</li></ul>American crypto giant Coinbase recently highlighted the impact of the Securities and Exchange Commission’s regulatory approach towards the country’s crypto industry. The California-based crypto exchange claimed that the SEC’s regulation-by-enforcement-only approach was threatening the US’s status as a global financial leader.Coinbase recently took to X (formerly Twitter) to highlight key facts ahead of the SEC Chair’s upcoming testimony:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/efe8c417445a40ea80fd12f588555502.png" />Coinbase’s <a href="https://www.coinbase.com/blog/just-the-facts-a-regulation-by-enforcement-only-approach-is-hurting-american" rel="noopener noreferrer nofollow">comments</a> came in light of SEC Chair Gary Gensler’s testimony in front of the Senate Banking Committee, which is scheduled for later today. According to the crypto exchange, the actions of the SEC under Gensler’s leadership were hindering innovation and America’s leadership on a global level.Coinbase claimed that the SEC’s regulation by enforcement approach amid regulatory and legislative uncertainty would put a whopping 4 million jobs at risk by 2030. The exchange cited a previous <a href="https://www.coinbase.com/blog/announcing-phase-ii-of-our-international-expansion-strategy-83-of-major-hubs" rel="noopener noreferrer nofollow">report</a> that documented that 83% of G20 members had made considerable progress toward regulatory clarity for crypto.Read full article at <a href="https://cryptotale.org/coinbase-lays-out-facts-ahead-of-sec-chair-gary-genslers-testimony/" rel="noopener noreferrer nofollow">CryptoTale .</a>

Coinbase Lays Out Facts Ahead Of SEC Chair Gary Gensler’s Testimony

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