
Here’s Why Kamala Harris Crypto Support Could Be Empty Promise
Source familiar with the matter said that conversations about digital asset policy remain at a high level and are unlikely to yield a detailed position before the election.
Source familiar with the matter said that conversations about digital asset policy remain at a high level and are unlikely to yield a detailed position before the election.
Uyeda mentioned that the SEC has a tradition of working with product sponsors to develop customized registration requirements. He sees no reason for digital asset securities to be an exception.
The SEC’s intervention comes as FTX has been working on several repayment plans to compensate its creditors.
The future of prediction markets is currently uncertain as regulatory bodies like the CFTC evaluate their role and potential risks.
Grewal noted that it is an ‘irrational’ attempt by the SEC to assume that the same rules can apply to decentralized exchanges (DEXs) and the more traditional ones.
The exchange wrote in a letter signed by their Chief Legal Officer, Paul Grewal, to the CFTC stating that the agency’s definition of gaming is too vague and unfairly limits valuable contracts for events.
“My biggest concern is crypto becoming politicized,” Paul Grewal, Coinbase’s Chief Legal Officer, stressed in an interview at the Asia Blockchain Summit.
The SEC argues that the request for internal and external emails related to digital asset regulation is “overly broad”.
Coinbase has strongly denied any legal violations. The company’s Chief Legal Officer Paul Grewal released an official statement on August 1.
Despite the challenges, the interest in blockchain technology remains robust. The report found that 70% of Fortune 500 executives are keen to learn about stablecoin use cases.
While the Democrats joined the Republicans to approve the FIT21 bipartisan crypto bill, the White House has opposed it calling it a mixed opportunity.
Coinbase Legal Chief Grewal has explained Tornado Cash’s recent filing against the Treasury Department’s case in support of privacy.
Referencing the recent dismissal of the SEC claim against the Coinbase Wallet, Paul Grewal reiterated that the SEC can’t claim Uniswap is a broker.
Despite delays from the SEC, US lawmakers have introduced two proposed bills aimed at regulating stablecoin issuers and the entire crypto market.
Coinbase asserts that the SEC is exercising authority over crypto assets without establishing dedicated regulations for their treatment