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<p class="is-style-lead">Coinbase recently visited Washington D.C. to advocate for clearer crypto regulations, highlighting the industry’s call for more transparent governance.</p> 
<p>Earlier, <a href="https://crypto.news/tag/coinbase/" data-type="link" data-id="https://crypto.news/tag/coinbase/" rel="noopener noreferrer nofollow">Coinbase</a> and several crypto stakeholders took their “<a href="https://x.com/standwithcrypto/status/1707087746211193111?s=20" data-type="link" data-id="https://x.com/standwithcrypto/status/1707087746211193111?s=20" target="_blank" rel="noopener noreferrer nofollow">Stand with Crypto</a>” campaign to Washington D.C. to garner support for clearer crypto regulatory frameworks.</p> 
<p>On Sep. 27, a delegation led by Coinbase CEO Brian Armstrong and approximately 40 crypto founders in the United States <a href="https://www.barrons.com/articles/coinbase-new-crypto-rules-5fd4fead" data-type="link" data-id="https://www.barrons.com/articles/coinbase-new-crypto-rules-5fd4fead" target="_blank" rel="noopener noreferrer nofollow">converged</a> in the capital. </p> 
<p>Their objective was to implore lawmakers to back a new set of regulations designed specifically for the digital currency market.</p> 
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   <p lang="en" dir="ltr">Here at our nations capital for <a href="https://twitter.com/hashtag/StandWithCrypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#StandWithCrypto</a> day with 40 crypto founders from across the country.<br><br>It’s time for America to join the rest of the G20 and get some clear rules on the books. <a href="https://t.co/oQCBGH2yGY" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/oQCBGH2yGY</a></p>— Brian Armstrong 🛡️ (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1707073518452543709?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 27, 2023</a> 
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<p>Previously, the Republican-dominated House Financial Services Committee and House Committee on Agriculture had given the green light to these rules. Their approval, if actualized into law, aims to simplify the compliance process for crypto companies by reducing regulatory hurdles.</p> 
<p>Armstrong contends that the U.S., like other G20 nations, should establish transparent regulations for the crypto sector. However, the journey has been challenging. </p> 
<p>Skeptics believe that due to the ongoing budget conflict at the federal level and a concurrent Senate focus on combating <a href="https://crypto.news/fbi-seizes-nine-crypto-exchanges-over-money-laundering/" data-type="link" data-id="https://crypto.news/fbi-seizes-nine-crypto-exchanges-over-money-laundering/" rel="noopener noreferrer nofollow">crypto money laundering</a>, the sought-after legislation might not garner the requisite attention.</p> 
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   <p lang="en" dir="ltr">Coinbase handing out cold brew on Cap Hill <a href="https://t.co/4vXWXB7zRJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/4vXWXB7zRJ</a></p>— Eli Tan (@elitanjourno) <a href="https://twitter.com/elitanjourno/status/1707045519791452518?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 27, 2023</a> 
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<p> You might also like: <a href="https://crypto.news/coinbase-to-begin-new-campaign-to-advance-us-legislation/" rel="noopener noreferrer nofollow"> Coinbase to begin new campaign to advance US legislation </a> </p> 
<p>Reactions to the campaign are varied. Online platforms bear witness to this polarization. </p> 
<p>On X (Twitter), users lauded Coinbase’s proactive efforts as pivotal for policy transformation. </p> 
<p>Meanwhile, on Reddit, some members speculated that the decentralized, transparent nature of blockchain might not sit well with politicians accustomed to opaque financial operations.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/StandWithCrypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#StandWithCrypto</a> Day was a success.<br>50+ founders from 15 key states visiting DC—all advocating for pro-crypto policies.<br><br>Why? Because crypto is helping them create economic opportunity in the form of thousands of jobs.<br><br>And America loves jobs. <a href="https://t.co/yZDg4CTiG5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/yZDg4CTiG5</a></p>— Coinbase 🛡️📞 (@coinbase) <a href="https://twitter.com/coinbase/status/1707184983599677793?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 28, 2023</a> 
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<p>The “Stand with Crypto” campaign isn’t Coinbase’s sole initiative. The exchange’s recent clash with the U.S. Securities and Exchange Commission (SEC) set the backdrop for this Washington visit. </p> 
<p>Earlier in June, the SEC <a href="https://crypto.news/sec-sues-coinbase-just-hours-after-binance/" data-type="link" data-id="https://crypto.news/sec-sues-coinbase-just-hours-after-binance/" rel="noopener noreferrer nofollow">initiated</a> legal proceedings against Coinbase, accusing them of violating securities regulations by listing unregistered assets.</p> 
<p>To rally support, Coinbase also ventured into non-fungible tokens (<a href="https://nft.news/?utm_source=crypto.news&amp;utm_medium=referral" data-type="link" data-id="https://nft.news/?utm_source=crypto.news&amp;utm_medium=referral" rel="noopener noreferrer nofollow">NFTs</a>), issuing them as symbols of their advocacy for crypto-friendly policies. </p> 
<p>Still, the crypto community remains divided, with some endorsing the move by acquiring the NFTs and others questioning their potential influence.</p> 
<p> Read more: <a href="https://crypto.news/coinbase-prioritizes-international-expansion-amid-us-litigation/" rel="noopener noreferrer nofollow"> Coinbase prioritizes international expansion amid US litigation </a> </p>

Coinbase launches campaign for balanced crypto regulations in US

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