SEC ‘Bent on Choking’ Crypto Industry, Says Coinbase Chief Legal Officer Paul Grewal

SEC ‘Bent on Choking’ Crypto Industry, Says Coinbase Chief Legal Officer Paul Grewal


The chief legal officer of crypto exchange Coinbase says that the U.S. Securities and Exchange Commission (SEC) is determined to stifle the digital asset industry.

In a new thread on the social media platform X, Coinbase executive Paul Grewal says that the regulatory agency is “bent on choking” the digital assets industry by mandating rules that are “unworkable” for crypto firms.

According to Grewal, the SEC is claiming jurisdiction over the crypto industry without Congress authorization or making clear guidelines.

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“Today we filed our closing brief in the Third Circuit challenging the SEC’s denial of our rulemaking petition. At the core of this case is a single, conclusory sentence in the SEC order under review.

That sentence – which ‘disagree[d]’ that SEC rules are

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