Chief Legal Officer Paul Grewal, that there are many crypto projects that are securities, but these projects on Coinbasenot included expressed.
Turbulent days and processes continue in the cryptocurrency market. SEC managed to attract attention with their moves on BUSD and Paxos. Securities allegations on BUSD and Paxos’ failure to report it brought Binance to the top of the ball. However, Binance stated that it is not an issuer on BUSD. In the midst of all these processes, striking statements came from Coinbase legal officer Paul Grewal.
Coinbase Legal Officer: No Securities Project on Our Exchange
Lack of regulatory and supervisory clarity in the crypto industry of the SECstarted to change due to his recent moves. SECwants to put a weight on the crypto industry.
the SEC, BUSDissuer Paxosits investigation, Binance jumped to the side. Binance CEO Changpeng Zhao ( CZ), stated that various fear and panic news should not be deceived.
While these legal processes and securities claims continue, coinbase There was also a move by the legal officer. Legal officer of the stock exchange Paul Grewal, Coinbase’sOnly He underlined that he was looking for consistency.
USAaddressing the effects of regulators on cryptocurrencies Grewal, SECHe attributed their comfort to the fact that they did not list any securities as a stock market. Grewal, also said:
“There should be no distinction between securities and non-securities, that we must agree that the rule of law does not matter, and that Congress has the SEC’s jurisdiction in securities and securities, yet we must come and register,”
