Paul Grewal, Coinbase's Chief Legal Officer, took to social media to criticize the Securities and Exchange Commission (SEC) for its inconsistent approach to cryptocurrency regulation. He highlighted the contradictions in the agency's regulatory framework, particularly as it pertains to emerging fraud schemes like 'pig butchering.'
, took to social media to criticize the agency's inconsistent approach to cryptocurrency regulation. It is not the first time the agency has been criticized in the crypto space. But Alderoty's remarks seem to show that many in the industry are frustrated because they still do not have clear regulatory guidance, even after numerous enforcement actions.
So the SEC finally admits that 1/"crypto asset security" is a made up term and 2/ to prove a"crypto asset security" is an investment contract, the SEC needs evidence of a bundle of"contracts, expectations, and understandings"?The SEC’s warnings, while serious, come at a time when the agency's regulatory stances are also under fire for creating confusion rather than clarity.
Cryptocurrency Regulation SEC Coinbase Paul Grewal
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