Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,372)
  • Analysis (1,558)
  • Bitcoin (2,143)
  • Blockchain (1,255)
  • DeFi (1,473)
  • Ethereum (1,475)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,517)
  • Press Releases (1)
  • Reddit (795)
  • Regulation (1,416)
  • Security (2,032)
  • Thought Leadership (2)
  • Videos (41)
Hand picked
  • Solana has a support of $ 140 in the liquidation of the Crypto market, the Etf Eyes momentum
  • The founder of Cardano confirms the complete XRP package in the work around Glacier Airdrop, XRP Defi and Rlusd
  • Governments turn to the blockchain for a public good – here’s how
  • Zachxbt warns that the alleged Zkasino fraudster can be linked to a new Whiterock crypto-adventure
  • Democrats are drawing closer to the crypto industry despite Trump divisions
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Regulation»Coinbase CLO Tackles Unfavorable SEC Crypto Regulation Using US Election Results
Regulation

Coinbase CLO Tackles Unfavorable SEC Crypto Regulation Using US Election Results

November 7, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
The Cry 2024 09 13t112837595.png
Share
Facebook Twitter LinkedIn Pinterest Email


Coinbase CLO Paul Grewal references the US election result to address the SEC’s negative approach to crypto regulation.

Grewal, chief legal officer of the San Francisco-based exchange Coinbase, mentioned that American voters have expressed a strong desire for change on several issues, including crypto regulation.

He encouraged the SEC to change its current approach to crypto regulation to take a more favorable stance. Specifically, Grewal called on the SEC to engage directly with crypto-related companies instead of taking them to court. Furthermore, Grewal advised the regulator to immediately initiate rulemaking, which could provide clear regulations for the crypto industry.

More than 200 pro-crypto candidates win

Grewal’s comment is a reaction to the election result, which saw voters mobilize to change the status quo. Ahead of the election, crypto enthusiasts expressed support only for pro-crypto candidates in various offices, including the presidency.

Earlier today, The Crypto Basic reported that around 238 pro-crypto candidates led the charge in the US Congressional elections. While 224 were elected to the House of Representatives, 14 are headed to the Senate.

For many crypto fans, the most exciting part of the 2024 US election results is the emergence of Donald Trump as president-elect.

Trump’s support for the industry is common knowledge, as he has consistently revealed how he plans to make America the “crypto capital of the world.” Part of his crypto campaign promises include firing SEC Chairman Gary Gensler on his first day in office.

SEC operations under Gensler

Many in the industry view Gensler as a major threat to crypto. Under his leadership, the SEC has been aggressive, taking multiple enforcement actions against crypto companies.

Coinbase is one of the victims of Gensler’s SEC enforcement action. Last year, the SEC accused Coinbase of violating federal securities laws by operating as an unregistered exchange.

A federal judge denied the exchange’s request for an early dismissal of the SEC’s charges in March. The trial could see a major turning point in the coming weeks when more than 200 pro-crypto candidates are sworn in, coupled with a potentially new SEC administration.

Currently, there is speculation that the new SEC administration may review and possibly drop most of the lawsuits against the industry. Whether this will become a reality remains to be seen.

DisClamier: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCryptocurrencies surge as investors prepare for election results
Next Article StakingBonus Expands Offerings with Multi-Chain Staking Solutions for 2024

Related Posts

Regulation

Vietnam adopts the law to recognize cryptographic assets

June 16, 2025
Regulation

More technologists must join the regulatory conversation.

June 16, 2025
Regulation

How Donald Trump won $ 57.4 million from World Liberty Financial in the middle of cryptography regulations

June 16, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Nasdaq includes XRP, Stellar (XLM), Solana (Sol) and Cardano (ADA) in the business cryptography index

June 16, 2025

Breaking: Tron ($ TRX) plans the American public offer – what it means for the crypto

June 16, 2025

Sol Price jumps 8% while Bybit launches Dex based in Solana

June 16, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,558.82
ethereum
Ethereum (ETH) $ 2,609.09
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.25
bnb
BNB (BNB) $ 656.68
solana
Solana (SOL) $ 153.23
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.175618
tron
TRON (TRX) $ 0.275859
staked-ether
Lido Staked Ether (STETH) $ 2,609.38