Coinbase launches advocacy organization ahead of upcoming votes on key legislation
crypto’s first true grassroots movement that will be organized onchain.”Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Crypto exchange Coinbase is launching an advocacy organization in a move to get the crypto community involved in legislation ahead of upcoming votes in the U.S. Congress.
Crypto advocates have ramped up efforts over the past few months to get legislation passed that would improve regulation of the crypto industry in the country. Some have criticized regulators, like the Securities and Exchange Commission, for what they call a regulation by enforcement approach.are teed up to be voted on in the full House, including one bill that would direct regulators to create a clear path for how a digital asset can transition from being a security to a commodity.
The regulator also charged the crypto behemoth for the unregistered offer and sale of securities tied to its staking-as-a-service program.“With respect to litigation with the SEC, I want to be very clear — we do think we can win, we expect to win,” Coinbase’s Chief Legal Officer Paul Grewal said during anthis month. Grewal also said the exchange wants to work with the SEC and lawmakers to obtain “regulatory clarity.
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