Paul Grewal, Chief Legal Officer at Coinbase, shares insights on the rocky relationship between regulators and the crypto industry. He discusses Operation Chokepoint 2.0 and how de-banking affects cryptocurrency. The conversation dives into the Tornado Cash controversy, highlighting legal and ethical clashes surrounding anonymity. Grewal anticipates a possible pro-crypto regulatory environment by 2025, potentially influenced by political shifts. He champions legal advocacy as essential for protecting users while navigating complex regulations.
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insights INSIGHT
Regulation vs. Overreach
Regulation is necessary for investor protection and market order.
However, recent overreach by agencies like the SEC goes beyond investor protection, aiming to undermine the crypto industry.
question_answer ANECDOTE
Hidden Intentions
Regulators often appear friendly and professional in meetings.
However, their actions, like using neutral rules to undermine the crypto industry, reveal a different intent.
insights INSIGHT
Gensler's Shift
The SEC's overreach started from the top with Chair Gary Gensler, influenced by politicians hostile to crypto.
Gensler's initial understanding of the industry shifted towards driving crypto out of the U.S.
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Paul Grewal is an American attorney working as Chief Legal Officer at Coinbase. In this conversation we talk about it all, why regulations have been so abrasive toward the crypto industry, what is going on with de-banking, Operation Chokepoint 2.0, what happened with Tornado Cash, why Trump administration is so bullish for crypto regulation, and what milestones Paul looks forward to in 2025.
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