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Paul Grewal, the Chief Legal Officer at Coinbase, has come forward to criticize a letter written by two U.S. senators urging the Securities and Exchange Commission to impose stricter regulations on Bitcoin exchange-traded funds and refrain from approving any further cryptocurrency ETF applications.
Respectfully Senators, the evidence points exactly the opposite way. We have discussed our analysis with SEC staff and would be happy to do the same for you and any other policy makers who have questions. 1/7Grewal highlighted the robustness of various digital asset commodities beyond Bitcoin, citing Ethereum as an example, stating its market liquidity and metrics rival even those of major S&P 500 stocks.
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