Coin

<ul class="news-points"> 
 <li><strong>Coinbase’s Paul Grewal highlights Congress actively passing legislation on digital asset standards.</strong></li> 
 <li><strong>Grewal argues that the SEC’s interpretation of “investment contract” for digital assets contradicts the law.</strong></li> 
 <li><strong>Lawyer Bill Morgan questions Coinbase’s inconsistent stance on XRP trading.</strong></li> 
</ul> 
<p>Earlier today, Coinbase Chief Legal Officer Paul Grewal accused the <a href="https://coinedition.com/tag/sec/">U.S. Securities and Exchange Commission (SEC)</a> of violating the law in its interpretation of “investment contract”. In Twitter thread, Grewal made the case for Congress, rather than the SEC, having regulatory authority over digital assets.</p> 
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   <p lang="en" dir="ltr">Bonus— Congress isn’t just capable of fixing standards by theoretically passing legislation in the future, it’s actively working to do that RIGHT NOW. This isn’t even a close call.</p>— paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1676129462008655877?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 4, 2023</a>
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<p>The Coinbase legal head <a href="https://twitter.com/iampaulgrewal/status/1676128240631414784" target="_blank" rel="nofollow">contended</a> that the SEC’s claim of jurisdiction over all digital assets, except Bitcoin, is not only “staggering” but also detached from the necessity of enforceable rights between businesses and buyers.</p> 
<p>Furthermore, Grewal emphasized that Congress isn’t&nbsp; “just capable of fixing standards by theoretically…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/secs-interpretation-of-digital-asset-contracts-unlawful-coinbase-clo/">SEC’s Interpretation of Digital Asset Contracts Unlawful: Coinbase CLO</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

SEC’s Interpretation of Digital Asset Contracts Unlawful: Coinbase CLO

Coin Edition

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