• News
    • Bitcoin
    • Altcoins
  • Regulation
  • Blockchain
  • NFT
    • NFT News
    • Collectibles
    • Crypto Art
    • Gaming
    • Play2Earn
  • Metaverse
  • Learn
  • Market Cap
What's Hot

Why Bitcoin’s network expansion is not reflecting in BTC’s price

2023-09-24

Buy Upland NFTs to Help Build Playgrounds

2023-09-23

Bitcoin holds on strong despite declining TradFi entities

2023-09-23
Facebook Twitter Instagram
Sunday, September 24
Facebook Twitter Instagram
Patrol Crypto
  • News
    • Bitcoin
    • Altcoins
  • Regulation

    Australian Financial Regulator Sues Kraken Subsidiary for Allegedly Violating Margin Trading Regulations

    2023-09-23

    U.S. DOJ Wins Motion To Prevent Proposed Sam Bankman-Fried Witnesses From Testifying in FTX Trial

    2023-09-22

    US Anti-CBDC Bill Passes Through House Financial Services Committee Along Party Lines

    2023-09-22

    New York Strikes Out Dogecoin, XRP, Litecoin, Chainlink and Other Crypto Assets From ‘Greenlisted Coins’

    2023-09-21

    OpenAI draws scrutiny from Polish authorities over alleged violations of EU General Data Protection Regulation

    2023-09-21
  • Blockchain

    peaq & Fetch.ai Unveil Multi-Chain IDs for Vehicles & Devices on Polkadot-Cosmos Ecosystems

    2023-06-13

    Taiwan Mobile Considers Partnerships with Local Cryptocurrency Platforms

    2023-06-13

    Biconomy Collaborates with SPACE ID to Support Withdrawals to Domain Names .arb and .bnb

    2023-06-13

    BNB Chain Deploys BEP-126 Update to Enhance Security and Reliability

    2023-06-13

    zkEVM Network Linea Launches Voyage Quest Campaign To Fight Bots

    2023-06-12
  • NFT
    • NFT News
    • Collectibles
    • Crypto Art
    • Gaming
    • Play2Earn
  • Metaverse

    Upland and KABOOM! Unite to Address Playspace Inequity

    2023-09-22

    Decentraland Hosts the First Metaverse Architecture Biennale

    2023-09-20

    A Step Towards Global Medical Metaverse Collaboration

    2023-09-18

    Shandong Province Aims for 10% of Global Metaverse Market by 2025

    2023-09-11

    The Future of Workspaces: Clockwise’s Metaverse Campus Unveiled

    2023-09-06
  • Learn

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18

    What Is NFT? – A Beginner’s Guide to NFTs by Changelly

    2023-09-15

    What Are Altcoins? Best Altcoins to Buy  – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-08
  • Market Cap
Patrol Crypto
Home»Regulation»Coinbase Says SEC Is Costing the US Millions of Jobs and Pushing Opportunities Offshore
Coinbase Says SEC Is Costing the US Millions of Jobs and Pushing Opportunities Offshore
Regulation

Coinbase Says SEC Is Costing the US Millions of Jobs and Pushing Opportunities Offshore

2023-09-14No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Crypto exchange Coinbase says that the U.S. Securities and Exchange Commission’s (SEC) enforcement-only approach is negatively impacting America.

In a new blog post, Coinbase says that “while the majority of the world’s economic powers are embracing a technology that can increase economic opportunity, the SEC’s regulation by enforcement-only approach is costing the US millions of jobs and pushing opportunity offshore.”

According to Coinbase, the SEC is pursuing an enforcement-only approach despite its chair Gary Gensler testifying to the U.S. House Committee on Financial Services in May of 2021 that domestic crypto exchanges “do not have a regulatory framework either at the SEC or our sister agency, the U.S. Commodity Futures Trading Commission (CFTC).”

Says Coinbase,

“The enforcement-only approach continues despite 9 in 10 Americans believing it’s time to update a financial system so as to make it more fair and where progress is being slowed down by the status quo.

This enforcement-only approach continues despite 52 million people – or 1 in 5 Americans – owning crypto.

This enforcement-only approach continues despite courts having ruled against the SEC in a number of high-profile instances, including the Grayscale case where the court found that the SEC acted in an ‘arbitrary and capricious’ manner.”

According to Coinbase, a legislative approach is the “best way” forward.

“Despite the SEC’s enforcement-based approach, Congress is stepping up to advance comprehensive crypto legislation. These efforts are critical to ensure the US does not fall further behind other jurisdictions.

A legislative approach to creating crypto regulation is the best way to ensure consumer protection, and also ensure that digital asset innovation and the jobs created by it remain in the US.”

See also  FDIC orders OKCoin to correct misleading insurance claims

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney



Source link

Coinbase Costing jobs millions offshore Opportunities pushing SEC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Australian Financial Regulator Sues Kraken Subsidiary for Allegedly Violating Margin Trading Regulations

2023-09-23

U.S. DOJ Wins Motion To Prevent Proposed Sam Bankman-Fried Witnesses From Testifying in FTX Trial

2023-09-22

US Anti-CBDC Bill Passes Through House Financial Services Committee Along Party Lines

2023-09-22

New York Strikes Out Dogecoin, XRP, Litecoin, Chainlink and Other Crypto Assets From ‘Greenlisted Coins’

2023-09-21
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Bitcoin NFT Mints Are Rising—But So Are Transaction Fees

2023-02-03

Bitcoin [BTC]: Recent price jump has put holders in profit, new report shows

2023-01-25

Aptos: Decoding why did the blockchain see surge in Stablecoin inflow

2023-04-03

Subscribe to Updates

Get the latest news and Update from Patro Crypto about Crypto, Metaverse, NFT and more.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Why Bitcoin’s network expansion is not reflecting in BTC’s price

2023-09-24

Buy Upland NFTs to Help Build Playgrounds

2023-09-23

Bitcoin holds on strong despite declining TradFi entities

2023-09-23
Get Informed

Subscribe to Updates

Get the latest news and Update from Patro Crypto about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Patrolcrypto.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$26,571.000.13%
  • ethereumEthereum(ETH)$1,592.390.07%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$209.94-0.15%
  • rippleXRP(XRP)$0.51-0.73%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$1,592.090.06%
  • dogecoinDogecoin(DOGE)$0.0615650.01%