Coinbase CFO Alesia Haas, Addressing the U.S. House Committee on Financial Services He said that Coinbase owns close to 12% (about $ 250 billion) of crypto assets in the world, and it consists of four pillars. From “Digital Asset Policy Proposal” talked about.
Haas regulations, “how we can proceed bilaterally to protect the consumer and encourage innovation” Explaining to the committee, he said that Coinbase’s mission is to increase economic freedom. He talked about how the stock market helped new investors come and current investors.
The highlight of Haas’ speech how regulations can increase innovation and adoption for the crypto industry without being too harsh That’s the part he talked about. In addition, Haas presented Coinbase’s Digital Asset Policy Proposal to the committee.
The Digital Asset Policy Proposal is a solution proposal consisting of 4 basic items by examining the difficulties of current regulations. The first of these is to regulate digital assets with a new regulation suitable for their innovations and innovations. The second is that the regulations are handled within the scope of a single federal directive. The third consists of 3 items to protect investors: enhanced transparency with traceability, protection against fraud and manipulation, increasing efficiency and strengthening market flexibility. Fourth and last, it consists of regulations that promote interoperability and fair competition.