In recent months, Coinbase, one of the world’s largest cryptocurrency exchanges, has been pushing for the US Securities and Exchange Commission (SEC) to provide clearer regulations on cryptocurrencies. Coinbase has been vocal in its criticism of the SEC’s lack of guidance on the issue, arguing that it is hindering innovation and preventing the growth of the industry.

The SEC has been slow to act on the issue of cryptocurrency regulation, with the agency’s chairman Jay Clayton stating that he would rather see “thoughtful regulation” than “rushed regulation”. Coinbase has argued that the lack of clear regulations is stifling innovation and preventing the industry from reaching its full potential.

Coinbase CEO Brian Armstrong has been particularly vocal in his criticism of the SEC’s inaction. Armstrong has argued that the lack of clear regulations is creating an environment of uncertainty and confusion, which is preventing companies from investing in the industry. He has also argued that the lack of clarity is preventing companies from launching new products and services, as they are unsure of how to comply with existing regulations.

Coinbase has taken a proactive approach in trying to push for clearer regulations. The company has launched a petition on Change.org calling for the SEC to provide clear guidance on cryptocurrencies. The petition has already garnered over 10,000 signatures and is gaining momentum.

Coinbase has also been vocal in its support for the Token Taxonomy Act, which seeks to provide a legal framework for digital assets. The company believes that this act will provide clarity on how digital assets should be regulated and will help spur innovation in the industry.

It remains to be seen whether Coinbase’s efforts will be successful in pushing the SEC to provide clearer regulations on cryptocurrencies. However, it is clear that Coinbase is committed to pushing for greater clarity on the issue and is determined to ensure that the industry reaches its full potential.