Coinbase Chief Legal Officer: The Real Solution Is "Building a Viable Regulatory Framework for Digital Assets," Not Litigation

According to The Block, Coinbase Chief Legal Officer Paul Grewal testified before Congress on the "Digital Asset Market Structure Discussion Draft" that despite the US Securities and Exchange Commission (SEC) prosecution, Coinbase will continue to operate its business as usual. Paul Grewal said that it is disappointing that the US SEC filed a lawsuit against Coinbase on the day the committee held an important hearing on "establishing a viable digital asset regulatory framework". The real solution is legislation that allows transparently formulating fair rules of the road and Apply equally, not litigate.