WSJ's Take On the Week Coinbase’s Paul Grewal on the Future of Crypto Under Trump
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Dec 1, 2024 In this insightful discussion, Paul Grewal, the Chief Legal Officer at Coinbase, dives into the intriguing potential of cryptocurrency under a possible Trump administration. He explores the excitement surrounding new regulatory expectations that could foster a pro-crypto environment. Topics include the evolution of stablecoins, the future of digital assets like Dogecoin, and the essential legislative framework needed to build consumer trust. Grewal also emphasizes the importance of bipartisan cooperation in shaping a clearer regulatory path for the industry.
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Bipartisan Crypto Support
- The crypto industry is bullish on bipartisan support for crypto legislation.
- They believe Americans want crypto, and elected officials are responding.
Coinbase's Policy Priorities
- Coinbase's priorities include sensible SEC rules, defining a market structure for crypto, and clarifying which transactions fall under securities laws.
- They also want the SEC to acknowledge that Americans want crypto.
Congressional Agreement on Crypto
- Grewal anticipates widespread agreement among Republicans and Democrats on core crypto issues.
- He points to the House's passage of a market structure bill with bipartisan support as evidence.