Legal Action for Clarity: A Push Against SEC Inaction

Paul Grewal, Coinbase's Chief Legal Officer joins Ryan and David to discuss why Coinbase is Suing the SEC. Why did they choose to respond to the SEC's Wells Notice to Coinbase in the way they did? Is Gary playing 4D chess or is he just embarrassing and pushing U.S. crypto innovation outside of the U.S.? 

Tune in to hear Paul's thoughts and much more. 

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------ Timestamps:

0:00 Intro 5:44 Why Coinbase is Suing the SEC? 9:10 SEC Giving Crypto Community Rules? 13:14 Why Gary Thinks There's Clarity 15:22 Petition to Give Crypto Rules!  18:10 Why No Clarity Yet? 20:51 What Kind of Rules Do We Want? 23:44 Engaging with the SEC  26:40 Open Conversation?  34:48 Coinbase Wells Notice 42:11 Why is Gary so Confident?  45:28 Battle of Public Opinion  49:42 Does Crypto Regulation Have Hope?  52:45 Closing & Disclaimers 

------ Resources:

Paul Grewal https://twitter.com/iampaulgrewal 

Coinbase Suing SEC Blog Post https://www.coinbase.com/blog/coinbase-takes-another-formal-step-to-seek-regulatory-clarity-from-sec-for 

Coinbase Wells Notice Video https://www.youtube.com/watch?v=zq2jf4sBdYE&t=576s 

Gary's Clarity Video https://twitter.com/GaryGensler/status/1651624244445421591?s=20 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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