Key Insights:
Coinbase calls for updates to the Bank Secrecy Act and digital ID rules.
Executives link modern crypto regulation to national security and innovation.
Fintech groups defend open banking and consumer data access rights.
Coinbase Global Inc. executives are urging the U.S. government to update crypto regulation provisions in the country.
In comments shared on social media, they asked for clearer policies to fight financial crime and support innovation.
Notably, they also joined fintech groups calling for stronger open banking and data rights.
Coinbase Outlines Four Key Crypto Regulation Reforms
Coinbase Chief Legal Officer Paul Grewal said that financial crime is changing fast and that new tools are needed to keep up.
He explained that the company filed a response to the U.S. Treasury’s call for ideas on how to detect illegal activity involving digital assets.
In his post on X, Grewal shared four main ideas for improving the system.
First, he said there shou
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