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“It didn’t make sense to take a legacy regulation and somehow transform it into an agency that would be able to look at these markets anew,” Faryar Shirzad, Coinbase’s chief policy officer, said … The largest U.S.-based crypto exchange released a policy proposal on Thursday calling for the U.S. government to put a new regulator in charge of digital assets and to create a new set of crypto-specific rules, instead of applying decades-old law that governs the rest of the financial system.
© 2021 The Bureau of National Affairs, Inc. Add Coinbase Inc. to the ranks of cryptocurrency firms looking to write their own regulation before Washington does.
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