Coinbase just wants the SEC to follow the rule of law

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Coinbase just wants the SEC to follow the rule of law
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In this episode, Coinbase's Chief Legal Officer Paul Grewal comments on the recent regulatory crackdown in the U.S.

There are crypto projects that are securities, but you won’t find them on Coinbase, Chief Legal Officer Paul Grewal said.

U.S. regulators have been cracking down on digital assets. Gewal says Coinbase is just looking for consistency. “We’re not saying we don’t want to be regulated. We’re just saying that regulation all ought to occur under the rule of law that is in a manner that’s consistent with what Congress wrote,” he added.

One particular inconsistency Grewal points out is how the Securities and Exchange Commission’s request for crypto exchanges to register as national securities exchanges clashes with Coinbase's explicit policy of not listing securities: “For there to be no distinction drawn between the products that are securities and the products that aren’t, is effectively saying that we would have to agree that the rule of law doesn’t matter and that even though Congress limited the SEC’s jurisdiction to securities and securities alone, we should come in and register anyway,” Grewal said.

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