Is now the time to invest in Coinbase?
Coinbase wants Congress to create a special regulator to oversee the crypto market
- Coinbase wants a special regulator to oversee cryptocurrency markets.
- The biggest crypto exchange in the US proposed the idea in a regulatory framework released on Thursday.
- Coinbase argued that it shouldn't be regulated by the SEC or CFTC, but instead a single designated entity.
Coinbase has suggested Congress create a special regulator just for cryptocurrency markets, according to a new proposal.
"To avoid fragmented and inconsistent regulatory oversight of these unique and concurrent innovations, responsibility over digital asset markets should be assigned to a single federal regulator," Coinbase said in its "Digital Asset Policy Proposal: Safeguarding America's Financial Leadership" released Wednesday.
Coinbase - the cryptocurrency exchange that went public in August - said a …
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