Why Coinbase is Suing the SEC with Paul Grewal, Coinbase's Chief Legal Officer
Apr 28, 2023
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Paul Grewal, the Chief Legal Officer of Coinbase, joins the discussion on the company's bold lawsuit against the SEC. He reveals the motivations behind their response to the SEC's Wells Notice and critiques the current state of regulatory clarity. Is SEC Chair Gary Gensler intentionally stifling U.S. crypto innovation? Grewal argues for clearer rules in the industry and highlights the need for open dialogue with regulators. Tune in for insights on how this legal battle could reshape the future of cryptocurrency in America.
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.?
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
----- 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.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures
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