CandleFocus Coinbase CLO Urges Pro-Crypto SEC Reform After Trump’s Presidential Win
2024-11-06
Author: Content Editor
The Chief Legal Officer at Coinbase, Paul Grewal, has stated that Donald Trump's victory in the 2024 U.S. presidential election should be a wake-up call for the U.S. Securities and Exchange Commission (SEC). Grewal believes that the election results indicate a demand for change, particularly within the crypto industry, and urges the SEC to reconsider its approach and establish immediate cryptocurrency regulations. Many in the crypto community are relieved by Trump's win, viewing it as a positive step towards a more favorable regulatory environment for digital assets. Trump has promised to reform the SEC and appoint a leader more in line with crypto interests. Coinbase, which is currently involved in a legal battle with the SEC, is hopeful that a Trump presidency will result in more crypto-friendly regulations.
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