Paul Grewal, Coinbase's Chief Legal Officer, has asked the US Securities & Exchange Commission (SEC) to reconsider how it regulates cryptocurrencies now that Donald Trump has been elected to a second term as president.
After Trump’s win, Coinbase ’s Paul Grewal calls SEC to stop suing crypto and initiate rulemaking. Trump’s promise to fire SEC Chair Gary Gensler could pave the way for more crypto-friendly leadership. Coinbase takes heat over rumored token listing fees up to $300 million. Paul Grewal, Coinbase 's Chief Legal Officer, has asked the US Securities & Exchange Commission to reconsider how it regulates cryptocurrencies now that Donald Trump has been elected to a second term as president.
Candidates who are likely to be more crypto-friendly received a lot of attention. One of the major names is SEC Commissioner Hester Peirce, who is known for being in favor of cryptocurrencies. People in the community have called Peirce Crypto Mom because of her contribution as an advocate in the field. As a result of claims that its marketing fees for tokens are too high, the SEC is calling for more openness on Coinbase.
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