TechFlow news — Coinbase Chief Legal Officer Paul Grewal said at Consensus 2023 that the company's business has not changed in the two years since it was approved for listing on the Nasdaq Stock Exchange. The position of the U.S. SEC appears to be that the SEC lacks statutory authority to regulate companies like Coinbase.
He also stated that Coinbase is different from FTX and is already sufficiently regulated, and if the SEC wants to expand its oversight of the industry, it will require legislation or new rulemaking.
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