Ever since Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC) publicly categorized certain crypto assets as security, he has constantly received backlashes, the latest coming from Coinbase Chief Legal Officer (CLO) Paul Grewal.
Coinbase CLO To SEC Chair, Tokens Are Not Securities
Grewal took to X, highlighting a statement made by Gensler during a conversation on CNBC’s Squawk Box.
Speaking of the crypto assets including Ethereum, the SEC Chair said “Many of those tokens are securities under the law of the land, as interpreted by the US Supreme Court. So we follow that law.”
The Coinbase CLO immediately corrected Gensler’s “misleading” statement, citing that tokens are securities. To furnish his argument, Grewal claimed SEC lawyers had earlier admitted to this sentiment in court. Notably, the second cryptocurrency by market cap remains at the forefront of this securities categorization.
“Many of those tokens are securities under the law of
We współpracy z: https://coingape.com/coinbase-clo-roasts-sec-chair-for-misleading-securities-statement/
