Coinbase creates a think tank for lobbying with regulators but also to boost its research efforts so let’s read more today in our latest coinbase news.
The global regulators are enhancing their efforts to target digital asset companies which is why Coinbase creates a think tank that aims to enhance the research on the industry and to hold constructive discussions with the policymakers. The blog post stated that the new think tank will focus on four major areas. On top of conducting research on exchanges and web3, it will promote crypto-oriented knowledge to the public and to partner with academic institutions. The think tank collaborated with the University of Michigan and formed the Coinbase institute Advisory board. Also, the company will publish a monthly insight report on the digital asset market.
The company asserted that the latest fluctuations in the market hadn’t changed the long-term goal of working with the regulators:
“Despite the recent market noise, comprehensive data and analysis about crypto’s adoption over time will provide the public, policymakers, regulators, and academics with a better understanding of crypto’s diversity and interconnection to the overall economy.”
The latest move by Coinbase is to boost the lobbying efforts in engaging with the regulators even though it didn’t clarify its policy goals aimed to advocate by launching a research-based institute. Hermine Wong, the former SEC regulator that works as the director of the institute, said there’s no limit to how far the new initiative could evolve into:
“We’re interested in every area of research that involves the crypto economy and how it is interdisciplinary, how it is connected to our global economy, and so there’s nothing that’s going to be off-limits.”
Coinbase formed the Crypto Council for Innovation along with the fidelity and Block efforts to lobby with policymakers and to serve as a burgeoning industry’s voice in championing the benefits of digital currencies and related technologies. The coalition was one of the few that aims to ensure the proper implementation of crypto regulations.
In the past few years, Coinbase made a reputation as the leading crypto trading platform and competed for higher prices for the services in exchange for institutional investment opportunities and an easy-to-use platform.
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