Breaking: Coinbase Legal Chief Sends Letter To US SEC On “Misguided” Rulemaking

Coinbase chief legal officer Paul Grewal on Tuesday sends a letter to the U.S. Securities and Exchange Commission (SEC) asking for several changes to the proposed rule regarding registered investment advisers (RIA) obligations to hold client assets at qualified custodians. While the US SEC recognizes Coinbase Custody as a “qualified custodian,” Coinbase believes the revised