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Coinbase CEO Urges Congress to Legislate Cryptocurrencies Quickly
Faryar Shirzad, chief policy officer at exchange Coinbase, urged Congress in a two-page statement to protect consumers and stifle innovation in the country with clear rules for the cryptocurrency industry.

Shirzad stressed that blockchain and digital assets bring economic opportunities, financial access, and innovation, but that unclear rules have left developers with uncertainty.

He also called for a clear definition of token classification, oversight of the cryptocurrency spot market, and regulation of stablecoins, warning that without swift action, the United States will fall behind in the global blockchain landscape.

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