US-based crypto exchange Coinbase has made a significant appeal to the Department of Justice (DOJ) regarding a wave of lawsuits aimed at its operations. The company is urging federal action to address what it describes as an “increasingly fragmented and hostile” regulatory landscape for the crypto market.
Coinbase Urges Federal Action
In a recent letter, Coinbase highlighted the steps taken by the current Administration to create a more equitable framework for digital asset regulation. This includes the introduction of stablecoin legislation and two pending bipartisan market-structure bills aimed at fostering uniformity in the oversight of cryptocurrencies.
Coinbase argues that these initiatives have begun to mitigate the adverse effects of the previous Administration’s enforcement-driven regulatory approach.
However, the company warns that certain states are perpetuating this
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