Bankless

Why Coinbase is Suing the SEC with Paul Grewal, Coinbase's Chief Legal Officer

Apr 28, 2023

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.

53:19

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Episode guests

Paul Grewal

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Episode notes

Intro

2min

Advancing Smart Contract Wallets and Introducing the Bankless Token Hub

4min

Legal Action for Clarity: A Push Against SEC Inaction

4min

Navigating Regulatory Ambiguity in Crypto

23min

Coinbase's Legal Strategy and Sponsor Insights

4min

Navigating Regulatory Challenges in Crypto

17min

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.

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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