Coinbase legal chief challenges SEC chairperson's claim that most cryptocurrencies are securities
2024-05-07 19:04:18
In a May 7 post from social media, Coinbase Chief Legal Officer Paul Grewal called on U.S. SEC Chairperson Gary Gensler to stop misleading the market about the legal status of cryptocurrencies. Grewal made the above statement in response to Gensler's recent interview claiming that many digital assets fall under the class of securities under current law. However, Grewal countered that Securities Exchange Commission Chairperson Gensler's claim is false, as lawyers for the regulator have previously acknowledged that cryptocurrencies do not fall under the definition of securities.
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