Coinbase Legal Officer Calls for SEC Reform Amid Trump’s Election Win
Paul Grewal, chief authorized officer at Coinbase, has urged the U.S. Securities and Change Fee (SEC) to shift its strategy towards crypto regulation.
Paul Grewal, chief authorized officer at Coinbase, has urged the U.S. Securities and Change Fee (SEC) to shift its strategy towards crypto regulation following Donald Trump’s latest election victory.
Grewal emphasised the necessity for a regulatory framework that encourages innovation and open dialogue moderately than litigation—a sentiment echoed by quite a few advocates within the crypto trade who criticize the SEC’s aggressive enforcement actions.
This has left many within the crypto sector involved concerning the lack of clear regulatory tips, which Grewal argues could possibly be addressed by means of complete rulemaking.
Peirce has beforehand criticized the SEC’s enforcement-first technique and advocated for regulatory readability to higher align with the pursuits of the general public and the U.S. place in international digital finance.
Along with these regulatory discussions, Coinbase faces scrutiny over allegations of excessive charges for token listings. Tron founder Justin Solar claimed that Coinbase requested $300 million to checklist the TRX token.
Equally, Andre Cronje, founding father of the Fantom Community, alleged that Coinbase proposed itemizing charges starting from $30 million to $300 million for the FTM token, contradicting statements from Coinbase CEO Brian Armstrong, who acknowledged that asset listings are free.
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