{"id":137994,"date":"2023-09-02T04:38:54","date_gmt":"2023-09-01T23:08:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=137994"},"modified":"2023-09-02T04:38:54","modified_gmt":"2023-09-01T23:08:54","slug":"coinbase-ceo-highlights-clear-path-to-register-for-crypto-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/coinbase-ceo-highlights-clear-path-to-register-for-crypto-crypto-news\/","title":{"rendered":"Coinbase CEO Highlights “Clear Path To Register” For Crypto – Crypto News"},"content":{"rendered":"

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Coinbase chief executive officer Brian Armstrong stressed on the need for a \u201cclear path to register\u201d for the crypto market participants, possibly aimed at the US Securities and Exchange Commission (SEC). This comes after the Commodity Futures Trading Commission (CFTC) linked National Futures Association approved<\/a> crypto futures trading for Coinbase Financial Markets. The Futures Commission Merchant (FCM) allows the exchange to offer crypto futures trading to United States based customers.<\/p>\n

Also Read: Elon Musk Hails Vitalik Buterin\u2019s Insights on \u201cCommunity Notes\u201d<\/strong><\/a><\/p>\n

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Earlier, the US SEC was taken to Court by Coinbase to address the issue of whether it was willing to give clarity on the rulemaking for the industry. With the latest CFTC license approval to offer regulated crypto derivatives, the onus is now on the agency to provide the much needed relief surrounding the regulatory fear, uncertainty and doubt (FUD). In this context, Armstrong stated that the market participants are willing to register if there is actually a clear path to do so.<\/p>\n

Coinbase CEO: Major Moment<\/h2>\n

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The CEO said<\/a> the CFTC approval marks a huge milestone for the crypto market in terms of clarity. Meanwhile, the general market perception is that in the next 12 months, the US SEC could finally open doors for institutional Bitcoin exposure via spot ETFs.<\/p>\n

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\u201cMajor moment for crypto regulatory clarity in the U.S. This has been a multi-year process toward approval, and we\u2019re excited to finally be launching federally regulated crypto derivatives with margin to our U.S. customers. When there is a clear path to register, we do.\u201d<\/p>\n

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The back to back lawsuits filed against Coinbase and Binance in July 2023 remain the same. The\u00a0US SEC had at the time\u00a0alleged that since 2019,\u00a0Coinbase\u00a0has been engaging in an unregistered securities offering via its staking-as-a-service program.<\/p>\n

Also Read: \u201cBitcoin Price Above $150,000\u201d: Fundstrat\u2019s Tom Lee Predicts<\/strong><\/a><\/p>\n

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Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at anvesh@coingape.com or twitter.com\/BitcoinReddy <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Coinbase chief executive officer Brian Armstrong stressed on the need for a \u201cclear path to register\u201d for the crypto market participants, possibly aimed at the US Securities and Exchange Commission (SEC). This comes after the Commodity Futures Trading Commission (CFTC) linked National Futures Association approved crypto futures trading for Coinbase Financial Markets. The Futures Commission […]<\/p>\n","protected":false},"author":2,"featured_media":114008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-137994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=137994"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137994\/revisions"}],"predecessor-version":[{"id":148234,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137994\/revisions\/148234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/114008"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}