Coinbase will contribute to development of crypto legislation

by in Cryptocurrency News

Coinbase

The legalization of the cryptosphere in the United States is considered necessary by both business representatives and regulators. For example, the head of the SEC, Gary Gensler, proposes to control the situation in the digital asset market based on the provisions of the securities legislation.

Coinbase also intends to contribute to the creation of a regulatory framework for the cryptocurrency industry.

The trading platform will submit several proposals for regulating the industry for consideration by the American authorities. Currently, analysts of the crypto company are preparing a report on this topic, in which they will also propose several mechanisms to increase market transparency.

Trending: Hindenburg Research gives $1M award for USDT collateral information

This document is expected to be published in the coming days.

Note that in mid-September, under pressure from the Securities and Exchange Commission, Coinbase management decided to abandon the creation of the Lend lending platform. The regulator demanded not to launch this service: otherwise, it will be forced to file a lawsuit against the company.