Coinbase Chief Legal Officer Calls Out SEC for ‘Gaslighting’ Crypto Project, Says Practice Should Not Stand

Coinbase Chief Legal Officer Calls Out SEC for ‘Gaslighting’ Crypto Project, Says Practice Should Not Stand


Coinbase’s chief legal officer thinks the U.S. Securities and Exchange Commission (SEC) is “gaslighting” the US courts and the crypto sector.

Coinbase CLO Paul Grewal calls attention to the SEC’s case against Digital Licensing Inc., a Utah-based company that was doing business under the name “DEBT Box.”

“In a brief to avoid dismissal of its case against Debt Box with prejudice, the SEC includes a remarkable admission that it did not follow its own typical Wells process when it refused to tell us what assets would be charged as securities: ‘The Wells process is designed to aid the charging decision for a specific potential defendant. The SEC staff typically provides a thorough explanation of the evidence it would use to prove potential charges against a

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