The post Coinbase’s Urgent Plea: The Shocking Truth about America’s Crypto Future Revealed! appeared first on Coinpedia Fintech News
In a crucial testimony before the House Committee on Agriculture, Paul Grewal, Chief Legal Officer (CLO) at Coinbase, emphasized the urgent need for clear and comprehensive crypto regulations in the United States.
Grewal stressed that the absence of a well-defined regulatory framework has caused the US to fall behind other countries in harnessing the potential of digital assets and distributed ledger technology.
While nations such as the European Union, the UK, Australia, Singapore, and China are embracing crypto innovation, the US risks losing its economic edge and compromising national security.
The US is falling behind. We cannot afford to ignore crypto while other markets take advantage of our absence, developing rules and regulations that enable the industry to thrive and risk sending jobs, investment, and technological leadership overseas.
— paulgrewal.eth (@iampaulgrewal) June 5, 2023
Crypto Solving Real-World Problems
Grewal highlighted the diverse and transformative nature of digital assets, showcasing their ability to address real-world challenges across multiple indust
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