Coinbase, Paradigm, a16z and others jointly advocate for transparent and unified cryptocurrency regulations in Texas

ChainCatcher news, a16z, Bain Capital Crypto, Blockchain Capital, Coinbase, Ledger, and Paradigm have formed a coalition to advocate for transparent and uniform regulations around digital assets in Texas.

In a statement published on September 11, the coalition stated that, given the federal government's inability to legislate reasonably in this area, Texas has the opportunity to adopt progressive cryptocurrency regulations.

The coalition aims to provide resources for regulators and industry stakeholders in Texas seeking to gain knowledge and leverage the potential of crypto technology.