Coinbase CLO Demands The U.S. SEC Rescind Crypto Ban

Understanding Is Key

Paul called the restriction “particularly egregious,” arguing that most crypto activity doesn’t involve securities and that any potential conflicts can be easily managed.

Source: X (@iampaulgrewel)

“To regulate technology, you need to understand it. To understand it, you need to use it,” Grewal wrote in a letter to the OGE, asking for Legal Advisory 22-04 to be rescinded and for waivers to be issued.

‘Misguided’ Rules

Following President Trump’s executive order to develop crypto regulation, Grewal noted that SEC staff must be able to engage with the technology directly to make informed recommendations. With nearly half of the Working Group’s 180-day deadline passed, he emphasized urgency.

In a separate letter to new SEC Chair Paul Atkins, Grewal called the ban a “barrier” to effective crypto policy development and urged immediate revision. He argued the rule is “misguided,” especially since most digital assets are not securities.