Coinbase calls for policy change to let SEC workers hold crypto
Coinbase has formally requested that U.S. regulators lift the prohibition preventing Securities and Exchange Commission (SEC) staff from buying, selling, or using cryptocurrencies that are not securities.
In letters dated April 22, Coinbase Chief Legal Officer Paul Grewal wrote to both SEC Chair Paul Atkins and the U.S. Office of Government Ethics and argued that the current policy hampers regulators’ ability to effectively oversee the cryptocurrency industry.
Current policy undermines effective regulation, Coinbase argues
In the letters, Grewal points out that the prohibition comes at a particularly problematic time. President Trump has directed the SEC and other agencies to submit recommendations for…
