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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, Coinbase and several crypto stakeholders took their “Stand with Crypto” 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 converged 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 #StandWithCrypto day with 40 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> 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. pic.twitter.com/oQCBGH2yGY</p>— Brian Armstrong ️ (@brian_armstrong) September 27, 2023 
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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 <a rel="noopener noreferrer nofollow" title="regulations" href="https://thebittimes.com/tag/regulations.html">regulations</a> for the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> 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 crypto money laundering, 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 pic.twitter.com/4vXWXB7zRJ</p>— Eli Tan (@elitanjourno) September 27, 2023 
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 <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">#StandWithCrypto Day was a success.<br>50+ founders from 15 key states visiting DC—all advocating for pro-<a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> policies.<br><br>Why? Because <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> is helping them create economic opportunity in the form of thousands of jobs.<br><br>And America loves jobs. pic.twitter.com/yZDg4CTiG5</p>— Coinbase ️ (@coinbase) September 28, 2023 
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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 initiated legal proceedings against Coinbase, accusing them of violating securities <a rel="noopener noreferrer nofollow" title="regulations" href="https://thebittimes.com/tag/regulations.html">regulations</a> by listing unregistered assets.</p> 
 <p>To rally support, Coinbase also ventured into non-fungible tokens (NFTs), issuing them as symbols of their advocacy for <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>-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> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-launches-campaign-for-balanced-crypto-regulations-in-us-tbt64400.html">https://thebittimes.com/coinbase-launches-campaign-for-balanced-crypto-regulations-in-us-tbt64400.html</a></p>

Coinbase launches campaign for balanced crypto regulations in US

TheBitTimes

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