Crypto Vs SEC Heats up: Coinbase CLO Exposes Flaws In SEC’s Crypto Custody Proposal; What Next?

In a bold move, Coinbase‘s Chief Legal Officer, Paul Grewal, has taken to Twitter to speak out against the SEC’s proposed revisions to the crypto custody rules. While Coinbase supports the intentions behind the proposal, Grewal argues that it could have negative consequences for the burgeoning crypto industry.