Coinbase urges Congress to act on crypto regulation or risk innovation exodus

Coinbase’s Chief Policy Officer urged US Congress to pass clear crypto regulations to prevent innovation from moving overseas and protect American consumers. The company emphasized the need for legislative clarity in the digital asset space and outlined key priorities including defining digital assets, overseeing crypto spot markets, and distinguishing between securities and commodities. Coinbase warned that without regulatory clarity, the US risks falling behind in blockchain innovation. Lawmakers are urged to create a framework that fosters innovation and safeguards consumers to maintain US leadership in the global digital economy.