Coinbase Unveils SEC Digital Assets Blueprint

Coinbase Proposes Digital Asset Regulation Blueprint to US SEC

• Coinbase has submitted a four-point blueprint for digital securities regulation to the US SEC.
• The proposal responds to questions from SEC Commissioner Hester Pierce about regulating digital securities.
• Key suggestions include establishing a clear taxonomy for cryptocurrency commodities and securities, and recognizing Web 3 and tokenized securities.
• The SEC is encouraged to seek Congressional input on ambiguous areas rather than creating rules on the go.
• Coinbase has filed a FOIA request for clarity on the SEC’s enforcement actions while expanding its services in India.

Coinbase’s blueprint aims to clarify regulations around digital securities, urging the SEC to define clear distinctions between cryptocurrency commodities and securities, while also seeking Congressional opinions on ambiguous issues.