How to Engage With the SEC on Cryptocurrency Registration

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Coinbase has been in private conversations with the SEC since September. They have laid out their ideas for what a registration framework might look like. The only response they got at that point was to say, "We appreciate your time" Paul: 20% of Americans have now bought or sold crypto and want it to help solve inequities in our financial system.

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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