Coinbase Now Stores 12% of The World’s Crypto
Key Points:
Coinbase Chief Financial Officer Alesia Haas delivered an opening testimony to the U.S. House Committee on Financial Services earlier today
Alesia Haas also serves as CEO of Coinbase Inc., Coinbase Global Inc.’s U.S. subsidiary
View full testimony on Coinbase Blog
Over the last 9 years, Coinbase has expanded to all states except Hawaii, and is now one of the largest crypto platforms
Haas went over the four pillar solution of Digital Asset Policy Proposal, and why it is crucial for the continued growth and success of cryptoeconomy
First, we believe the government should regulate digital assets under a new, comprehensive framework that recognizes the unique technological innovations underpinning digital assets.
Second, responsibility for this new framework should be assigned to a single federal regulator. This regulator would be charged with establishing a registration process for intermediaries, which we refer to as Marketplaces for Digital Assets.
Third, this new framework should have three goals to ensure holders of digital assets are empowered and protected: A) Enhance transparency through robust and appropriate disclosure requirements. B) Protect against fraud and market manipulation. And C) Promote efficiency and strengthen market resiliency.
Our fourth and final pillar is to ensure that regulatory solutions promote interoperability and fair competition.
