In a recent blog post dated April 18th, Coinbase expressed concerns regarding the evolving regulatory landscape for cryptocurrency firms in Oregon. The exchange criticized the state’s financial regulatory body for its apparent inclination towards a “regulation by enforcement” strategy, which has previously been met with skepticism. Coinbase highlighted that the proposed measures may compel crypto entities to secure a traditional securities brokerage license, undermining the progressive federal regulatory reforms aimed at fostering innovation in the digital asset space.
Coinbase articulated the potential ramifications of these regulatory actions, suggesting they could stifle local innovation and drive crypto businesses out of the state. The firm urged regulators to devise a more transparent and equitable framework that incorporates clear legislative guidelines and proactive engagement with industry stakeholders. This approach not only secures regulatory clarity but also cultivates a sustainable ecosystem for the burgeoning crypto market.
Source: https://en.coinotag.com/breakingnews/coinbase-critiques-oregons-regulatory-actions-a-call-for-fair-crypto-legislation/