SEC’s Actions Cause Fear in Crypto Ecosystem: Polygon’s Rebecca

• Crypto journalist Laura Shin recently hosted a podcast with Coinbase’s Paul Grewal and Polygon’s Rebecca Rettig.
• Rettig stated that SEC’s enforcement actions are not precedential laws.
• “There’s a massive chilling effect due to Gary Gensler’s actions,” says Rettig.

Polygon Chief Policy Officer (CPO) Rebecca Rettig and the Chief Legal Officer (CLO) of Coinbase, Paul Grewal recently sat down in a podcast with crypto journalist Laura Shin to address various subjects, including the SEC’s actions. In the episode, Rettig mentions that the SEC’s Chair Gary Gensler’s actions have had a massive chilling effect on the whole cryptocurrency realm.

The Unchained host took to Twitter to emphasize that the Securities Exchange Commission (SEC) enforcement does not set the law. Additionally, her post included her podcast titled “Just a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown.”

SEC enforcement *does not* set the law. But Polygon’s @RebeccaRettig1 says the impact of Gary Gensler’s actions are clear: “There is this massive chilling effect.”

Watch now: https://t.co/yXgtxoZ12c pic.twitter.com/CxnrglFSGe

— Laura Shin (@…

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