Shirzad said there is “little dispute about the importance of having regulation,” both from progressive and conservative lawmakers, but the issue of which U.S. agency should be charged with regulating the cash market, and having oversight over crypto exchanges, including Coinbase (COIN), is still up in the air. In the past, The SEC has cracked down on the exchange for allegedly marketing its tokens in a manner that would deem them as securities.
Source: https://www.coindesk.com/policy/2022/09/23/crypto-is-capitol-hills-last-bipartisan-issue-coinbase-exec-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines