(Reuters) -Coinbase Global is to US Bank Regulatory Authority to make the company’s tie -up with a digital asset sector company in order to clearly or fix the banking banking position on Tuesday. The call has been updated.
The movement of Crypto Exchange is in the promotion of the industry seeking a lobby activity in seeking a regulation framework to support the growth of the sector. Most traditional US banks are avoiding digital asset companies with lack of clarity of regulations.
“For the past few years, US bank regulations have a unilateral and non -democratic bank that banks provide encrypted services,” said Fariar Silzad, the coin -based highest policy. Was described in Social Media Platform X.
The industry has donated millions of dollars to support Donald Trump’s return to the White House. This urged to make cryptocurrency regulations a top priority for the new administration after the many years of execution measures that have been over -criticized by companies.
Sylzad will also send letters to the top US bank regulatory authorities, including the Federal Reserve (OCC), the Federal Deposit Insurance Corporation (FDIC), and allow banks to provide services related to cipher. I will prompt you. sector. OCC rejected comments, and Fed and FDIC did not respond immediately to Reuters’ comments.
Crypto companies have argued that US bank supervisors worked together to suffocate them from conventional financial systems, but regulatory authorities have denied claims.
Last month, the new leadership of the US Securities and Exchange Commission created a taskforce to develop a regulatory framework for crypto assets.
Trump, who promised to be the president of Crypto, nominated his former Paypal executive David Sacks as his “White House AI & Crypto Czar”.
The administration is expected to rebuild US policies on digital currency, but US bankers have been cautious about cryptocurrencies.
(Report by Pritam Biswas in Bengalur, edited by Leroy Leo)