Coinbase chief legal officer: SEC should not unilaterally expand and redefine its regulatory scope

Coinbase Chief Legal Officer Paul Grewal posted on the Provide any limiting principles. The SEC cannot unilaterally expand and redefine its own regulatory scope. This should be determined by the U.S. Congress and the ongoing legislative discussions regarding the regulatory framework. Coinbase does not offer securities and we are confident in our legal arguments, Look forward to a decision from the court that will bring clarity to the industry.” According to previous news, the judge at the Coinbase hearing stated that he would not make a decision on whether to dismiss the case for the time being.