Coinbase has submitted several recommendations to the U.S. Securities and Exchange Commission (SEC) aimed at clarifying its oversight of the crypto asset market. This move comes as the agency shifts gears under the Trump administration, and Congress actively pushes for legislative progress. The suggestions include offering no-action relief, guidance, or interpretations to foster a more defined regulatory environment.

As part of its initiative, Coinbase responded to SEC Commissioner Hester Peirce’s call for public input on shaping a new crypto task force. The exchange’s feedback precedes a series of task force roundtables, highlighting the need for a distinct classification of digital assets and advocating for legislative clarity on crypto regulations. These discussions underscore the industry’s desire for more structured guidelines and the integration of digital commodities and securities into the regulatory framework.

Faryar Shirzad, chief policy officer at Coinbase, emphasizes the urgency for regulatory clarity to rectify years of confusion. His remarks come as Congress considers advancing a stablecoin bill, and the SEC reevaluates its stance on various crypto matters, signaling a potentially transformative period for digital asset governance.