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Coinbase wants Congress to create a special regulator to oversee the crypto market

13 days ago   |   By Business Insider

Shannon Stapleton/Reuters
Coinbase wants a special regulator to oversee cryptocurrency markets.
The biggest crypto exchange in the US proposed the idea in a regulatory framework released on Thursday .
Coinbase argued that it shouldn't be regulated by the SEC or CFTC, but instead a single designated entity.
Coinbase has suggested Congress create a special regulator just for cryptocurrency markets, according to a new proposal. "To avoid fragmented and inconsistent regulatory oversight of these unique and concurrent innovations, responsibility over digital asset markets should be assigned to...
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