Coinbase: SEC Hurts America's Economic Competitiveness; Business Operates as Usual

Regarding the lawsuit the U.S. Securities and Exchange Commission (SEC) filed against Coinbase, Paul Grewal, chief legal officer and general counsel at Coinbase, released a statement. He said,

"The SEC's reliance on an enforcement-only approach in the absence of clear rules for the digital asset industry is hurting America’s economic competitiveness and companies like Coinbase that have a demonstrated commitment to compliance. The solution is legislation that allows fair rules for the road to be developed transparently and applied equally, not litigation. In the meantime, we’ll continue to operate our business as usual."