Coinbase CLO Defends Ethereum Security Status Amid Regulatory Scrutiny
Paul Grewal, the Chief Legal Officer (CLO) of Coinbase, has become a major voice in the continuing discussion about the legal classification of Ethereum by the United States Securities and Exchange Commission (SEC), arguing in favor of the platform’s non-security status. Broader Recognition Of Ethereum Security Nature Taking to the X (formerly Twitter), the Coinbase […]
Related News
Ethereum has been seeing increased regulatory scrutiny in recent months. This comes following the network’s move to a proof of stake mechanism and the introduction of staking to the others. As sanctions have been levied against protocols such as Tornado Cash, it is becoming increasingly possible that regulatory bodies may turn their focus to Ethereum. Now, it seems the parameters for determining whose purview ETH falls under are being hashed out. Ethereum Might Be A Security Previously, the Securities and Exchanges Commission boss Gary Gensler had said that the top two cryptocurrencies,....
Coinbase is under scrutiny after confirming a security breach that exposed personal information of some of its users. The crypto exchange said fewer than 1% of its monthly transacting users were affected. Still, that small slice could mean thousands of people. According to reports, the attack could end up costing Coinbase as much as $400 […]
The SEC’s notice to Coinbase over its Lend product might indicate incoming federal regulations aimed at crypto lending. Crypto lending products have come under scrutiny from security regulators in some jurisdictions across the United States. While these enforcement actions have come from agencies at the state level, there have been indications that the Securities and Exchange Commission (SEC) was also set to go on the offensive.Thus, it was perhaps unsurprising to see the SEC ask Coinbase to halt its proposed crypto lending program titled “Lend.” Coinbase CEO Brian Armstrong took to....
Regulatory scrutiny is likely garnering more attention for monero amid an upward-trending broader market.
In a clear stand against the misuse of cryptocurrency for illicit activities, Coinbase, the largest US crypto exchange by volume, detailed its strategy to prevent the movement of digital assets to terrorist organizations, such as Hamas, amid increasing scrutiny from Israel and other global entities. This development further emphasizes the ongoing debate about the role […]