The lack of a clear regulatory framework surrounding and controlling cryptocurrencies is a huge issue within this emerging sector.
Because cryptocurrencies are dynamic and ever-changing in nature, many jurisdictions around the world have adopted cryptocurrencies while others have banned them or adopted a more cautious stance towards them.
While cryptocurrencies are regulated differently from country to country, many leaders of the cryptocurrency industry in the United States have criticized them for adopting a slow, outdated approach to regulating cryptocurrencies.
How will the next Coinbase IPO affect the regulation of the crypto market?
She explained that the Securities and Exchange Commission will audit the “Queen Piece” company.
If the listing is approved, it will be an example of how cryptocurrencies are regulated in the USA.
“Long” stated in this regard:
What the world will look at when this prospectus goes into effect, is that all that is in it is that listing the Coinbase platform on the stock exchange is okay with the US Securities and Exchange Commission.
There are hints that the listing will lead to a long-running conversation and force the SEC to classify what constitutes safety among the cryptocurrencies currently being traded on CoinBase.
Avanti explained that with the IPO, the Securities and Exchange Commission (SEC) will inevitably need to establish stable policies for digital currencies, classifying them as securities or exempting them from that, because Bitcoin and Ethereum are located in the United States of America.
The bid for a Coinbase IPO comes at a time when the Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple over XRP claiming that this cryptocurrency is a security token.
Many trading platforms, fearing that they would be subject to sanctions by the Securities and Exchange Commission, canceled the currency or suspended its circulation until the controversy over it ended.
QueenBase and direct listing on the American Stock Exchange:
Although the listing of “Coinbase” on the stock exchange will lead to more clarity about cryptocurrencies, “Long” says:
It won’t necessarily be black and white as we all hope.
Currently, the US-based cryptocurrency exchange Coinbase is looking to launch it to the public, and has announced that it plans to do so through a direct listing rather than an Initial Public Offering (IPO).
This will enable QueenBase shareholders to sell their shares directly to the public, without going through the IPO process, as new shares need to be created before they can be sold.
By introducing it to the public, Queen Piece is likely to generate more customers through this process.
Currently, the company has more than $ 25 billion worth of digital currencies running on its platform, and more than 35 million users in more than 100 countries.