Coinbase Establishes Think Tank for Increasing Lobbying Efforts With Regulators

Coinbase has launched a global crypto-native think group that will accelerate research and have constructive discussions with policymakers, as global regulators increase their focus on digital asset companies.

Coinbase Institute

Coinbase Institute, the largest US-based cryptocurrency exchange, stated in a blog post that it will be focusing on four main areas. It will not only conduct in-depth research about crypto and Web3 but also collaborate with thought leaders, policymakers, and promote crypto-oriented knowledge to people and work with academic institutions.

The University of Michigan has teamed up with think thanks to create the Coinbase Institute Advisory Board. It will also publish a monthly insight on the market for digital assets.

According to the firm, the recent market fluctuations had not affected its long-term goal of working closely with regulators and expanding the adoption of crypto assets.

“Despite recent market noise, comprehensive analysis and data about crypto’s adoption over the time will provide policymakers, regulators and academics with better understanding of crypto’s diversity and interconnectedness to the economy.”

Coinbase’s Lobbying Initiatives

Reuters reported that Coinbase’s latest move is to increase its lobbying efforts with regulators and policymakers. However, it didn’t specify any policy goals it wanted to promote by launching such a research based institute.

Hermine Wong, a former SEC regulator, is now the director of the institute. She said that there are no limits to the potential growth of the newly-launched initiative.

“We are interested in all areas of research that involve the crypto economy. We’re also interested in how it’s interconnected to our global economy.

Reuters reported that Coinbase spent $785,000 lobbying U.S. policymakers last year.

CryptoPotato reported that Coinbase, Fidelity, and Block formed the Crypto Council for Innovation to lobby policymakers and advocate for digital currencies and related technology.

This coalition was one of many that worked to ensure the correct implementation of crypto regulations.

Featured Image Courtesy FT

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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