Coinbase has submitted a set of policy recommendations to the Commodity Futures Trading Commission (CFTC) aimed at clarifying regulations for decentralized finance (DeFi) and stablecoins. The cryptocurrency exchange advocates for the use of stablecoins as collateral in U.S. derivatives markets to enhance liquidity. Additionally, Coinbase stresses the importance of collaboration between the CFTC and the Securities and Exchange Commission (SEC) to create a unified regulatory framework for the crypto industry.