Coinbase Appeals to CFTC for Updated Stablecoin and DeFi Regulations

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In accordance with Bijié Wǎng, Coinbase has appealed to the U.S. Commodity Futures Trading Commission (CFTC) to reform outdated cryptocurrency regulations, arguing that current rules hinder innovation in decentralized finance (DeFi), stablecoins, and derivatives. The exchange is calling for a more flexible and modern regulatory framework, including the integration of security measures and the approval of regulated stablecoins as collateral to improve liquidity. Coinbase supports a principles-based approach from the CFTC, emphasizing the need for clear rules to balance growth and risk.

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