The Pomp Podcast

#1466 Paul Grewal | Regulators Tried To Kill Bitcoin?!

48 snips
Jan 8, 2025
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.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
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.
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.
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.
Get the Snipd Podcast app to discover more snips from this episode
Get the app