Coinbase Chief Legal Officer predicts major changes in U.S. cryptocurrency policy
Coinbase's CLO predicts significant changes to the US SEC's treatment of crypto cases
Paul Grewal, Chief Legal Officer of Coinbase, recently expressed optimism regarding significant shifts in U.S. cryptocurrency regulations.
Grewal’s remarks underscore Coinbase’s belief that regulatory clarity could soon be on the way, which may provide much-needed guidance for the digital asset industry. The move reflects growing momentum toward a legal framework that could address longstanding concerns within the crypto sector.
Key Issues in U.S. Crypto Regulation
Grewal said 52 million Americans who own digital assets supported during the election to keep the “crypto issue” nonpartisan.
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During his address, Grewal pointed to ongoing Congressional discussions and recent court rulings as potential catalysts for regulatory change. He emphasized the need for clear guidelines from agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), suggesting that ambiguity in regulation has hindered innovation. Coinbase has taken active steps to engage lawmakers, advocating for a balanced framework to protect consumers while promoting industry growth.
Coinbase's CLO predicts significant changes to the US SEC's treatment of crypto cases when a new chairman is appointed by the Trump administration. He said the new chief will review cases opened under current chairman Gary Gensler to distinguish fraudulent cases from those that require a different legal assessment. This approach could lead to less regulation and a more loyal attitude toward the cryptocurrency industry.
Grewal also noted bipartisan support in Congress for legislation that could establish a consistent regulatory structure for digital assets. Some lawmakers are pushing for these regulations, recognizing them as crucial for the United States to remain competitive in the global tech economy. Grewal assured that Coinbase would support regulatory initiatives aimed at creating stability and advancing innovation, particularly as Congressional and judicial decisions may shape the future of U.S. crypto policy.
Recall, we reported that Mark Ueda, the current SEC Commissioner, is seen as a leading candidate for the role of SEC Chairman.
