{"id":50011,"date":"2021-09-23T11:34:19","date_gmt":"2021-09-23T08:34:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50011"},"modified":"2025-09-02T15:42:14","modified_gmt":"2025-09-02T12:42:14","slug":"coinbase-to-propose-federal-framework-for-crypto-regulation-to-u-s-lawmakers","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-to-propose-federal-framework-for-crypto-regulation-to-u-s-lawmakers\/","title":{"rendered":"Coinbase to propose federal framework for crypto regulation to U.S. lawmakers"},"content":{"rendered":"<p>American cryptocurrency exchange Coinbase is preparing a federal regulatory framework for consideration by U.S. lawmakers, according to Coinbase CEO Brian Armstrong in an interview with <a href=\\\"https:\/\/techcrunch.com\/2021\/09\/22\/coinbase-to-propose-a-federal-regulatory-framework-for-crypto-to-u-s-officials-within-the-next-month\/?guccounter=1\\\">TechCrunch<\/a>.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cCoinbase wants to be an adviser and a helpful guardian in crafting sensible cryptocurrency regulation in the United States. In fact, there is a proposal we will put forward by the end of this month, perhaps early next, in the form of proposed regulatory frameworks,\u201d he said.<\/p>\n<\/blockquote>\n<p>According to Armstrong, government officials have repeatedly asked him about such a proposal, as engagement with participants in emerging industries is standard practice in rulemaking.<\/p>\n<p>Lawmakers, as a rule, typically show interest in a draft or outline around which they could begin formulating federal regulation, he added.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cBecause right now Coinbase, as you know, has 50 state money-transmitter licenses, 50 lending licenses, and there are <span data-descr=\\\"Financial Crimes Enforcement Network\\\" class=\\\"old_tooltip\\\">FinCEN<\/span>, <span data-descr=\\\"Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span>, <span data-descr=\\\"Commodity Futures Trading Commission\\\" class=\\\"old_tooltip\\\">CFTC<\/span>, <span data-descr=\\\"Internal Revenue Service\\\" class=\\\"old_tooltip\\\">IRS<\/span>, the Treasury and <span data-descr=\\\"Office of Foreign Assets Control\\\" class=\\\"old_tooltip\\\">OFAC<\/span>&#8220;, Armstrong noted.<\/p>\n<\/blockquote>\n<p>Coinbase President Emilie Choi also emphasized the company&#8217;s interest in transparent and clear regulation.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cWe simply want to ensure there is a level playing field for crypto firms and other financial-services providers. We truly want to be in a space where there are only rules and common-sense norms,\u201d Bloomberg quotes her online remarks at the Mainnet conference.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-abandons-crypto-savings-accounts-plan-after-sec-threat\">abandoned the launch of crypto-savings accounts<\/a> after complaints from the SEC.<\/p>\n<p>Earlier, the regulator warned the exchange about <a href=\"https:\/\/u1f987.com\/en\/news\/sec-threatens-coinbase-with-lawsuit-over-planned-crypto-savings-accounts\">possible legal action<\/a> due to the new product.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American cryptocurrency exchange Coinbase is preparing a federal regulatory framework for consideration by U.S. lawmakers, according to Coinbase CEO Brian Armstrong in an interview with TechCrunch<\/p>\n","protected":false},"author":1,"featured_media":50012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[757,138,36],"class_list":["post-50011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-brian-armstrong","tag-coinbase","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50011"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50011\/revisions"}],"predecessor-version":[{"id":50013,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50011\/revisions\/50013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50012"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}