The Crypto Industry Already Has the Clarity It Needs

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Crypto community, crypto industry appreciate you guys seeking this on. We certainly can hear, let our voices be heard in various ways and think we'll have some calls to action for the bankless community how to get involved. Let me ask you just a high level question here, Paul. When was the last time the SEC actually gave thecrypto industry some rules or some guidance or the types of things you were looking for? Never. It's never happened. Not once has the SEC gone through a notice and comment rulemaking process that is set out under laws that were passed by Congress. That would define what a security is. As it applies to digital assets that would define the appropriate

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

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