A top Coinbase executive is warning that the U.S. Securities and Exchange Commission (SEC) may frequently change its position on digital assets before possibly crafting new crypto regulations.
Paul Grewal, chief legal officer at top US exchange Coinbase, tells his 37,100 Twitter followers that a new SEC court filing shows there may not exist regulatory clarity for the crypto industry for quite some time.
Coinbase filed a motion in April to compel the SEC to respond to an earlier petition from the company requesting regulatory guidance for the digital asset industry. The SEC filed its response on May 15th.
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Says Grewal in reaction to the SEC’s filing,
“Today the SEC responded to Coinbase’s petition for a writ of mandamus — asking the court to require
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