Paul Grewal, the chief authorized officer of United States-based cryptocurrency agency Coinbase (NASDAQ: ), has rejected a proposed rule change by the Securities and Trade Fee (SEC) that would change the definition of an change and the regulation of digital belongings. .
June 14 In a Twitter thread, Grewal stated The SEC’s proposal “makes an attempt to suit a sq. peg right into a spherical gap” and was “too flawed in course of and substance to maneuver ahead.” He talked concerning the SEC extending the remark interval on the proposed 1934 An modification to the Securities Trade Act, which might permit securities legal guidelines to use to decentralized exchanges in the identical approach as they at present apply to inventory exchanges.
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