Coinbase Urges SEC to Ease Crypto Ban on Employees
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Call for Informed Regulation
In a recent statement, Coinbase emphasized the importance of SEC staff having firsthand experience with cryptocurrencies to develop well-informed regulatory frameworks. The exchange believes that allowing employees to hold small amounts of digital assets would provide them with valuable insights into the technology and market dynamics.
Potential for Conflicts of Interest Addressed
Coinbase acknowledges the potential for conflicts of interest and suggests implementing clear guidelines and disclosure requirements to mitigate these concerns. They propose that SEC staff could be permitted to hold a diverse range of cryptocurrencies, subject to predefined limits and reporting obligations, ensuring transparency and accountability.
Industry Support for a Pragmatic Approach
Coinbase's stance aligns with a growing sentiment within the crypto industry that a more pragmatic approach to regulation is needed. Allowing regulators to engage with the technology they oversee could foster a deeper understanding and lead to more balanced and effective rules.
