Requiring DEXes to register with SEC like other exchanges is ‘impossible’, says Coinbase CLO By Cointelegraph
[ad_1]
© Reuters
Paul Grewal, chief legal officer of United States-based cryptocurrency firm Coinbase (NASDAQ:), has pushed back against a proposed rule change from the Securities and Exchange Commission (SEC) which could change the definition of an exchange and how digital assets are regulated.
In a June 14 Twitter thread, Grewal said the SEC proposal “tries to fit a square peg in a round hole” and was “too flawed on process and substance to move forward”. He was referring to the SEC extending the comment period for a proposed rule change in the Securities Exchange Act of 1934 which could have securities laws apply to decentralized exchanges in the same way they currently apply to securities exchanges.
Continue Reading on Coin Telegraph
[ad_2]
Source link
© Reuters
Paul Grewal, chief legal officer of United States-based cryptocurrency firm Coinbase (NASDAQ:), has pushed back against a proposed rule change from the Securities and Exchange Commission (SEC) which could change the definition of an exchange and how digital assets are regulated.
In a June 14 Twitter thread, Grewal said the SEC proposal “tries to fit a square peg in a round hole” and was “too flawed on process and substance to move forward”. He was referring to the SEC extending the comment period for a proposed rule change in the Securities Exchange Act of 1934 which could have securities laws apply to decentralized exchanges in the same way they currently apply to securities exchanges.
Continue Reading on Coin Telegraph
About The Author
