Coinbase CLO Paul Grewal has restated the need for statute-backed crypto regulations amid the enforcement onslaught by the Securities and Exchange Commission. Crypto stakeholders continue their push for pro-industry rules this year with slight signs of progress. Grewal and Coinbase have remained vocal in the same cause on social media spaces.
Coinbase CLO Wants Legislative Rulemaking
The push by the community for crypto rules has seen academics analyze the current market position. In a recent post on X (formerly Twitter), the Coinbase CLO replied to an educational piece on the effects of the status quo by restating legally made rules. According to the research, the court’s administrative jurisprudence encourages agencies like the SEC to abandon creating legislative rules and rather bring enforcement actions.
“…it concludes by using the example of federal securities law application to crypto assets and the Securities and Exchange Commission’s inability to promulgate regula
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