Coinbase legal chief sees a big hole in the SEC's crypto securities claims

Quick Take

Coinbase CLO Paul Grewal shares his perspective on the SEC’s recent enforcement actions and gives a behind-the-scenes look at the efforts Coinbase has made over the years to comply with regulators.

Episode 54 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro and Coinbase Chief Legal Officer Paul Grewal.

Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to podcast@theblock.co.

Paul Grewal is the Chief Legal Officer of Coinbase — the crypto exchange that recently found itself in the crosshairs of the U.S. Securities and Exchange Commission.

In this episode, Grewal shares Coinbase's perspective on the SEC's recent enforcement actions, and gives a behind-the-scenes look at the efforts Coinbase has made over the years to comply with regulators.

Outline of the discussion:

1:48 - Coinbase Tried to Work with the SEC 🕊

6:23 - The SEC & Alternative Investments 🧑‍⚖️

9:06 - SEC vs. Coinbase 🧐

12:30 - SEC vs. Binance 😬

13:58 - Business as Usual 💪

17:20 - Congress & Crypto 🇺🇸

21:24 - Institutional Reaction 🐋

24:09 - Coinbase International 🌐

25:48 - Change in Administration 4️⃣7️⃣

27:31 - SEC Stubbornness or Coinbase Naivety? ⚔️

31:16 - Coinbase Wallet x Lawsuit 🤷

32:49 - The Crux of the Case 🌰

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