Coinbase has unveiled a regulatory proposal submitted to the SEC on March 15, 2025, suggesting a collaborative framework for digital asset oversight.
This move signals a shift towards heightened cooperation between industry leaders and regulators, impacting market stability and investor confidence.
Coinbase Advocates New Digital Asset Regulation Framework
The announcement marks a departure from past tensions as Coinbase proposes a framework to the SEC for digital asset regulation.
Brian Armstrong and Faryar Shirzad highlight a collaboration aimed at ensuring investor protection while fostering innovation. As Brian Armstrong noted, โExcited to share our vision for a collaborative approach to crypto regulation. Weโve submitted a comprehensive proposal to the SECโs Crypto Task Force outlining clear guidelines for digital asset classification and oversight.โ
Bitcoin Price Remains Volatile Amid Regulatory Moves
The latest price data indicates that Bitcoin is currently trading at $87,950, experiencing a fluctuation between $85,230 and $88,000.
Coinbaseโs proposal signals a welcoming stance from Vitalik Buterin and the SEC, likely encouraging further market involvement.
SEC Drops Lawsuit, Signals Shift in Crypto Policies
This proposal follows the SECโs dismissal of its lawsuit against Coinbase in January, marking a pivotal change in industry-regulator relations.
Experts emphasize that collaborative regulation could bolster market trust and encourage broader adoption of digital assets.