• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Here’s Exactly When to Grab the Next Wave of Crypto Altcoins

2025-07-12

Bitcoin’s Next 6 Months—Here’s the Full Map 🧠🟧

2025-07-12

Markets Are Going BONKERS! Friday Firestorm! 🚨🔥

2025-07-11

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Here’s Exactly When to Grab the Next Wave of Crypto Altcoins

    2025-07-12

    Bitcoin’s Next 6 Months—Here’s the Full Map 🧠🟧

    2025-07-12

    Markets Are Going BONKERS! Friday Firestorm! 🚨🔥

    2025-07-11

    Bitcoin Pushes Higher – $120K Next Milestone in Sight

    2025-07-11

    Bitcoin $118,000

    2025-07-11
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»Coinbase Informed About SEC Charges Minutes Before Its Legal Officer Was To Present Draft Bill to Congress
Regulation

Coinbase Informed About SEC Charges Minutes Before Its Legal Officer Was To Present Draft Bill to Congress

2023-06-08No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coinbase Informed About SEC Charges Minutes Before Its Legal Officer Was To Present Draft Bill to Congress
Share
Facebook Twitter LinkedIn Pinterest Email

Paul Grewal, Coinbase’s chief legal officer, was informed of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against his company less than an hour before he was set to testify on crypto legislation before the House Committee on Agriculture.

Grewal says in a new interview with Bankless that the timing of the SEC’s announcement this week is “curious.”

“The fact of the matter is, I learned about this complaint, I don’t know, 45 minutes before I was scheduled to walk over to Capitol Hill and testify before the House Agriculture Committee on a draft bill that was released last Friday. So yeah, it’s interesting, curious, pick your word, that the SEC chose this morning of all days to file the lawsuit.”

The SEC sued Coinbase on Tuesday, alleging the top US crypto exchange operated as an unregistered securities exchange, broker, and clearing agency.

Later that day, Grewal testified on a discussion draft of a digital asset framework bill that’s being reviewed by the House of Representatives.

Says the Coinbase chief legal officer,

“The bill is actually quite interesting and quite important. It will provide for the very first time a real market structure for digital assets, including both digital asset commodities and digital asset securities. It will provide a pathway for registration, serious oversight, real protection for consumers and investors — a lot of the things that we have been clamoring for – for many months, if not many years, in the industry.” 

Coinbase filed a motion in court in April to compel the SEC to respond to an earlier petition from the company requesting guidance for the digital asset industry.

See also  US exodus as Revolut now 'suspends' crypto access in country amid regulatory uncertainty

This week, the U.S. Court of Appeals for the Third Circuit issued an order requiring the regulator to respond to the petition within seven days. The order cited the SEC’s recently announced lawsuit against the exchange.

Explains Grewal,

“We continue to believe that the SEC could not be proceeding with litigation against our industry, like the case filed against us today, if the SEC had not already decided to deny our petition for rulemaking.

We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions. That is why we petitioned the SEC for rulemaking nearly a year ago in the first place.

If the SEC’s answer to our petition for rulemaking is ‘no,’ then they are required by law to tell us, because we have the legal right to question that ‘no’ in court. And there are serious questions to be asked.”

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney

Bill Charges Coinbase Congress draft informed Legal Minutes Officer Present SEC
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Scam targets dormant Bitcoin wallets with fake legal notice

2025-07-08

Bitcoin’s NEXT Rally, BIG RISKS, Trump, Elon, The Bill & More!

2025-06-09

Massive Spending Bill = Crypto Boom? Let’s Break It Down

2025-06-06

Coinbase data breach spills offline as victims get scam mail

2025-06-05
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Learn About Crypto

Which Layer 2 Solution Benefits Most from Ethereum’s Merge?

2023-06-02

Some Ethereum fans refer to the Merge as a ‘triple halvening’. This is because Ethereum’s yearly…

Bitcoin

Bitcoin: Analysis suggests BTC prices on course to move further south

2023-07-24

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice…

NFT

Fighting fake credentials and unfair wages

2023-05-19

NFT One of the pressing issues in education is fake credentials. On May 18, the…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Here’s Exactly When to Grab the Next Wave of Crypto Altcoins

2025-07-12

Bitcoin’s Next 6 Months—Here’s the Full Map 🧠🟧

2025-07-12

Markets Are Going BONKERS! Friday Firestorm! 🚨🔥

2025-07-11

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 117,091.37
ethereum
Ethereum (ETH) $ 2,988.25
xrp
XRP (XRP) $ 2.86
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 681.93
solana
Solana (SOL) $ 160.62
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.19202
tron
TRON (TRX) $ 0.299436
staked-ether
Lido Staked Ether (STETH) $ 2,984.79
bitcoin
Bitcoin (BTC) $ 117,091.37
ethereum
Ethereum (ETH) $ 2,988.25
xrp
XRP (XRP) $ 2.86
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 681.93
solana
Solana (SOL) $ 160.62
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.19202
tron
TRON (TRX) $ 0.299436
staked-ether
Lido Staked Ether (STETH) $ 2,984.79