Pushing for clarity: Can Stand with Crypto sway US lawmakers?
Stand with Crypto Alliance, a new advocacy organization by Coinbase, was launched to mobilize the crypto community to help shape the crypto regulation in the US. Yet, with varying opinions within the community, its success remains uncertain. A lack of regulatory clarity has been one of the prickliest thorns on the crypto industry’s side since it came into existence. This problem is even more prevalent in the American crypto space, where efforts to enact rules governing crypto and its underlying technology have been slow and piecemeal. Matters have been muddled even further by the never-ending debate revolving around whether crypto assets should be classified as securities and, therefore, fall under the jurisdiction of the Securities and Exchange Commission (SEC) or as commodities and be under the control of the Commodity Futures Trading Commission (CFTC). Additionally, the general feeling within the crypto space is that the SEC has chosen a regulation-by-enforcement path to police ...