Coinbase Rallies Congress for Crypto Clarity

In the wild world of cryptocurrencies, a little predictability wouldn’t hurt, eh? Coinbase, alongside 65 other crypto entities, is shaking Washington’s corridors by urging Congress to pass the CLARITY Act. This bill aims to shift most regulatory oversight of cryptocurrencies to the Commodity Futures Trading Commission (CFTC). Presently, crypto regulations are as confusing as an enigma wrapped in a riddle, and we all know governments thrive on chaos like this. This move in the U.S. could create a more transparent environment, reducing the chaotic oversight that hampers innovation.