Coinbase did not hold back about a letter that contained information which was pushing the SEC to hold any more crypto ETFs.
According to Paul Grewal, the chief legal officer of Coinbase the direct evidence shows that Ether’s futures and spot markets are as correlated as Bitcoin. This letter suggests that the recent letter by the US senators urging the SEC to regulate Bitcoin ETFs. In addition, rejecting any further crypto ETF applications is misguided.
In response to a letter from two US senators urging the SEC to regulate Bitcoin ETFs even more and reject any further crypto ETF applications, Coinbase chief legal officer Paul Grewal criticized the senator’s claims.
What Was in This Letter?
The letter, dated March 11, claimed that approving further crypto ETFs beyond Bitcoin would expose investors to “enormous risks”. Grewal said that the senators’ letter contained several falsehoods, and he argued that the evidence pointed in the opposite direction.
He explain
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