Coinbase’s Paul Grewal Says Crypto Should Remain Non-Partisan

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Coinbase’s Paul Grewal Says Crypto Should Remain Non-Partisan
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Technology should transcend the political divide, Coinbase’s Chief Legal Officer says

Grewal is inspired by Asia’s quick embrace of crypto regulations, but remains optimistic about the U.S.

“My number one concern is that crypto becomes politicized and becomes a partisan issue in ways that, at the very least, slow and perhaps even worse, threaten its continued growth and development," Grewal said during an interview at the Asia Blockchain Summit in Taipei, emphasizing the need for bipartisan support for policy modernization.

“There needs to be an understanding that the Howey Test was developed in the context of an Orange Grove real estate in Florida in the 1940s and 50s," he said, arguing that applying the Howey Test “blindly and mechanically” to blockchains and crypto does not make practical sense. Asia doesn’t have the same binding constraints as the Howey test, and Grewal appreciates how regulators are writing the rules from the ground up while listening to feedback from the industry.

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