Coinbase Pushes SEC to Lift Crypto Ban on Staff for Effective Regulation
The post Coinbase Pushes SEC to Lift Crypto Ban on Staff for Effective Regulation appeared on BitcoinEthereumNews.com.
Coinbase is requesting the SEC to remove the ban on staff buying, selling, or using cryptocurrencies that aren’t classified as securities. They believe that it will help regulators better understand and manage the crypto market. In letters dated April 22, Coinbase’s CLO, paul grewal paul grewal paul grewal Chief Legal OfficerDirector requested that the SEC Chair, Paul Atkins, and the U.S. Office of Government Ethics change the policy. He argues that it limits the SEC’s ability to oversee the crypto industry effectively. Grewal further added that the ban is particularly concerning, as President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President has ordered the SEC and other agencies to submit recommendations for advancing the US leadership in digital finance within 180 days. “SEC staff still cannot use the technology they are meant to regulate,” he pointed out. I never understood why @SECGov employees are barred from holding or using digital assets. Any potential conflicts can easily be managed. So I wrote to ask that @OfficeGovEthics rescind and update Legal Advisory 22-04 and for the Crypto Task Force to issue waivers—now. pic.twitter.com/vdG9veuqPY — paulgrewal.eth (@iampaulgrewal) April 25, 2025 Grewal acknowledged that…
