Coinbase has come up with a Digital Asset Policy Proposal, thus creating a buzz of conversation around the comprehensive crypto regulation. Coinbase is focused on bringing the public into the loop of debate around how cryptocurrency can fit into the regulatory model.

The decentralized evolution of the internet and blockchain technology has made possible the birth of digital currency and the associated use cases. Technology is advancing day by day and it is getting difficult for old school regulators to get a picture of the mind-blogging innovations in technology.

Digital currency is an innovation that is way too disruptive indeed for regulators to accept hands down.  Regulators are finding it hard to get the “Market Context” of digital currencies.

Digital assets like Bitcoin, Ether, Stable Coins, and other crypto are in the beginning stages of development and adoption. Needless to say, they are becoming socially very powerful. Several market places have evolved to provide a platform that facilitates the demand from Americans to gain access to particular innovations in the financial assets are traded and transferred without the need for intermediaries.

Brian Armstrong, Co-Founder, and CEO previously expressed:  Today, we’re launching our Digital Asset Policy Proposal (dApp) which we hope will help chart a course for a clear regulation of cryptocurrency and web 3.0 in the US. It’s critical to bring clarity to this space and ensure America remains a financial leader.

This is not about Coinbase – we completed more than 75 meetings with stakeholders in government, industry, and academia to help shape this proposal, and we feel it represents a consensus point of view. It’s inclusive and democratic by design.

Hopefully, this proposal is constructive and is a part of the solution.  The chief Policy officer has provided an overview of the policy.

Web3 is upon us and represents an enormous opportunity for America to not just retain its status as a financial hub, but also to encourage innovation, create jobs, and grow the economy.

We can do this all with sensible regulation that protects consumers and creates a level playing field if we work together.

The Digital Asset Policy Proposal from Coinbase focuses on animating an open and constructive discussion about the role of digital assets in the shared economic future of the cryptocurrency ecosystem. The policy thoughtfully and respectfully engages in the debate to facilitate good-faith suggestions about how the U.S. financial regulatory framework will adapt to two critical developments.