Coinbase CEO proposes a cryptocurrency regulatory blueprint, advocating for U.S. legislation to enhance clarity in cryptocurrency regulation

ChainCatcher news, Coinbase co-founder and CEO Brian Armstrong published an article today titled "Regulating Crypto: How We Move Forward as an Industry from Here," outlining a blueprint for cryptocurrency regulatory policy from the perspective of U.S. regulation and advocating for increased clarity in crypto regulation.

The article mentions that legislation should start by regulating centralized participants (stablecoin issuers, exchanges, and custodians), as this is where the risk of consumer harm is greatest. Regulation should focus on intermediaries that require additional transparency and disclosure. Furthermore, he suggested that countries enacting laws for cryptocurrency companies should not only enforce these laws domestically but also apply relevant laws to foreign companies serving their citizens. (source link)