Coinbase has called on Australian leaders to prioritize crypto policy reform ahead of the upcoming May 3 federal election. The company urges for a dedicated crypto task force and clear regulations to support the rapidly growing cryptocurrency market in Australia. Their plea stems from the country’s current lack of defined regulatory framework, which is hindering talent and investment flows. John O’Loghlen, Coinbase’s APAC Managing Director, expressed his concerns about this issue during a recent statement filed on Monday. He highlighted that a lack of clarity on regulations has resulted in many Web3 businesses relocating to more welcoming markets, potentially leaving Australia at risk of missing crucial opportunities.