Coinbase is urging Congress to take immediate action on cryptocurrency regulation to prevent an exodus of innovation from the United States. CEO Brian Armstrong has expressed support for legislative efforts aimed at establishing clear guidelines for digital assets, emphasizing that the lack of defined rules could hinder the U.S.'s competitive edge in blockchain technology. In a recent op-ed, Representatives French Hill and Bryan Steil highlighted the necessity for timely digital asset legislation, suggesting that Congress has a unique opportunity to enact laws that leverage American strengths. Coinbase has outlined six key priorities for regulation, including the need for the Commodity Futures Trading Commission (CFTC) to gain authority over spot markets for Bitcoin and Ethereum. The company warns that outdated regulations are leaving millions of American users unprotected and driving blockchain talent and capital overseas.