TechFlow reported that Coinbase Chief Legal Officer Paul Grewal criticized the U.S. Securities and Exchange Commission (SEC) on social media for its ambiguous stance on cryptocurrency asset trading. Grewal pointed out that rather than clearly stating certain trading activities are illegal, the SEC merely declared, "The SEC does not express an opinion on the legality under federal securities laws of the transactions outlined in this proposal," while reserving its "right to challenge transactions involving crypto assets."
Grewal questioned: "Why provide clarity to markets when threats and insinuations can suffice?" He emphasized that investors, consumers, and markets deserve better—"far better."
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