Coinbase, one of the largest crypto exchanges globally, has been around for 10 years. And while the company has grown its offerings, products and services, its policy talking points haven\u2019t changed dramatically, Kara Calvert, head of U.S. policy at Coinbase told TechCrunch+.<\/p>\n

But what has <\/em>changed, she said, is the \u201cmomentum and urgency\u201d for digital asset legislation and rules at a federal level in the U.S..<\/p>\n

\u201cWe need to have legislation now, we don\u2019t want to be another year or two to three years out,\u201d Calvert said. If U.S. agencies continue to move slowly on the regulatory front, builders will go overseas to other countries and regions like Singapore, the European Union and Hong Kong \u2014 all of which have provided more regulatory frameworks in the recent past.<\/p>\n

There are two policy debates going on globally: the U.S. and the ex-U.S. policy debate, said Faryar Shirzad, chief policy officer at Coinbase. \u201cThe rest of the world, with few exceptions, has made the decision that they want to embrace crypto and web3 tech in some fashion,\u201d he said. \u201cThey\u2019re moving actively to develop a framework for rules and regulations to protect consumers and also encourage innovation.\u201d<\/p>\n