Coinbase’s Lawyer Addresses SEC’s Wells Notice a ‘Massive Overreach’
- Laura Shin tweeted about Paul Grewal’s interview on the podcast Unchained.
- In the interview, Grewal stated that none of Coinbase’s queries were answered by the SEC over the last nine months.
- Grewal added that the SEC prefers court fights rather than conversations.
The crypto journalist and podcaster, Laura Shin, updated her official Twitter page with the interview of Paul Grewal, the top lawyer of the leading crypto exchange Coinbase, in which he addressed the Securities and Exchange Commission’s (SEC) Wells Notice against the company a “Massive Overreach”.
On March 24, the podcast channel Unchained, released its latest video, an interview with Coinbase’s lawyer, highlighting his concerns over the SEC’s recent “warning that it would pursue legal action against the crypto exchange”.
Significantly, the lawyer stated that when Coinbase received the SEC’s Wells Notice, though the company was disappointed, it was never surprised; for many years the company has been trying to “get reasonable rules to operate rating in plain sight and the commission is simply chosen or refused to engage with us [Coinbase]”.
Notably, Shin shared a thread…
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