Although Coinbase will continue to operate in the USA in the future, there are currently more opportunities in Europe and a more positive environment, according to Coinbase General Counsel Paul Grewal.
(Photo: IMAGO/Political Moments)
new York An endgame for crypto regulation is looming in the USA: While the US supervisory authority SEC considers the applicable securities laws to be sufficient and is cracking down on big players in the industry, crypto companies accuse the SEC of arbitrariness. The companies are demanding different and, above all, clear rules for doing business with digital currencies – just like the EU has set in motion.
“The fundamental problem is that we don’t know what the rules look like,” complains Coinbase chief legal officer Paul Grewal in an interview with Handelsblatt. He is concerned that the US is developing a hostile attitude towards an important, emerging part of the financial system.
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