Coinbase wants Congress to prevent the Securities and Exchange Commission from regulating crypto and turn the job over to a new body, according to a new report.
The crypto marketplace wants Congress to create a special regulator for digital assets, the Wall Street Journal reported, citing an internal Coinbase policy document.
Coinbase is planning to make its proposals for crypto regulation public, the report said. The company could not immediately be reached for comment.
Coinbase has been engaged in a public dispute with the SEC under Chair Gary Gensler, who has argued that some crypto currencies should be considered securities and should be covered by investor-protection laws.
Last month, Coinbase cancelled a planned lending feature, after the SEC threatened to sue the company to block the rollout.