Advertisement
Australia markets closed
  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     
  • AUD/USD

    0.6445
    +0.0008 (+0.12%)
     
  • ASX 200

    7,642.10
    +36.50 (+0.48%)
     
  • OIL

    81.89
    -0.80 (-0.97%)
     
  • GOLD

    2,395.00
    +6.60 (+0.28%)
     
  • Bitcoin AUD

    95,619.02
    -2,581.09 (-2.63%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

Coinbase Wants Coders to Help With Its Crypto Regulation Proposal

Fresh on the heels of Coinbase asking the U.S. government to create a new regulator to oversee the cryptocurrency industry, the exchange is seeking public input via GitHub.

A repository published Thursday by the crypto giant is seeking suggestions from techno-savvy observers.

“This framework represents our good-faith suggestions on a U.S. regulatory framework for digital assets,” Coinbase wrote. “We encourage your contributions to this discussion about the role of digital assets in our shared economic future.”

A Coinbase spokesman confirmed it’s the first time the company has used GitHub to solicit feedback on policy matters. (The company’s engineering team has long used it for open-source code.)

ADVERTISEMENT

Read more: Coinbase Proposes US Create New Regulator to Oversee Crypto

As of press time, one user has proposed two pull requests; two users have chimed in with quick words of encouragement.

The proposal from the publicly traded crypto exchange comes as regulatory discussions in Washington, D.C., swirl – made all the more juicy by the looming prospect of the first approval of a bitcoin futures exchange-traded fund (ETF) by U.S. regulators.

Venture capital giant (and early Coinbase backer) Andreessen Horowitz is also assembling a crypto policy proposal for U.S. lawmakers.