Coinbase intensifies its efforts to clarify cryptographic regulations in the United States, offering a new framework to follow for the dry. The exchange wants clear rules that distinguish digital assets from traditional titles and urges the Congress to take the lead in the definition of regulatory borders.
The call for clearer rules
The SEC Commissioner, Hester Peirce, recently asked for comments on industry on cryptographic regulations, and Coinbase responded with a detailed roadmap. The exchange argues that the current approach of the SEC creates an uncertainty, which makes it difficult for companies and investors to navigate space. According to the director of Coinbase policy, Faryar Shirzad, a well -structured and transparent framework will provide certainty to developers, clear directives for industry players and solid investor protections.
Shirzad rented Ripple for having obtained a huge legal victory against the dry. He congratulated CEO Brad Garlinghouse and the legal chief Stuart Alderoty for having taken the ground.
He stressed that the SEC abandoning its appeal confirms a key legal point – the crypto tokens themselves are not investment contracts. Shirzad criticized the president of the dry, Gary Gensler, for having deceived the public for years, saying that Ripple’s fight has finally refused things.
Now he says it’s time for the congress to intervene and create appropriate rules for the crypto. He credited Ripple for having advanced the law and helped bring the clarity of the industry.
Separate the crypto from traditional titles
In his blog He addressed one of the main problems of dry classification theory and how digital assets are classified. He believes that cryptocurrencies that do not represent property in a company must be processed as basic products, not titles. This distinction is crucial because it would allow financial markets to more easily integrate assets based on blockchain, improving liquidity and efficiency.
In addition, Coinbase pushes against the position of the SEC according to which secondary market sales of digital products should be considered as titles transactions. It argues that once an asset is in circulation, its transactions should not fall under securities laws, which facilitates the realization of cryptographic assets on the market.
Congress should take the lead
Coinbase also believes that the wider regulations of cryptography should not be left only to the dry. Instead, he calls on congress to define the basics of how digital assets are governed. The exchange argues that the legislators, not regulators, should define the limits and resolve existing uncertainties in the industry.
A future with tokenized titles
But beyond the classification, Coinbase fights for rules that support the growth of token titles. He suggests targeted policy changes that are doing well with blockchain technology, potentially provoking new financial opportunities and stimulating innovation in traditional markets.
Shirzad believes that the treatment of these key points will not only provide regulatory clarity but will also accelerate the adoption of blockchain-based finance, positioning the United States as a space leader.