tldr; Coinbase’s Chief Security Officer, Phillip Martin, emphasized the importance of educating lawmakers about cryptocurrency to prevent the creation of ‘bad laws’ based on misleading narratives, particularly regarding crypto’s links to illicit finance. Martin highlighted that only 0.34% of crypto transactions are illicit, compared to 33% of cash transactions in the US. He stressed the need for transparency and education to correct misconceptions and foster innovation. With upcoming US elections, Martin is hopeful for a more favorable regulatory environment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Coinbase’s Chief Security Officer, Phillip Martin, emphasized the importance of educating lawmakers about cryptocurrency to prevent the creation of ‘bad laws’ based on misleading narratives, particularly regarding crypto’s links to illicit finance. Martin highlighted that only 0.34% of crypto transactions are illicit, compared to 33% of cash transactions in the US. He stressed the need for transparency and education to correct misconceptions and foster innovation. With upcoming US elections, Martin is hopeful for a more favorable regulatory environment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.