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

Exchanges • June 8, 2023, 5:00AM EDT
UPDATED: June 8, 2023, 4:36AM EDT
The Block

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 [email protected].

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 💪

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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 🌰

This episode is brought to you by our sponsors PayPal and CleanSpark.

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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

Editor

To contact the editor of this story:
Adam James at
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