nitter Logo paulgrewal.eth @iampaulgrewal Chief Legal Officer @coinbase. I talk a little crypto, a lot of law, and way too much Ohio sports. California, USA Joined January 2015 Tweets 5,052 Following 774 Followers 38,766 Likes 13,453 189 Photos and videos Tweets Tweets & Replies Media Search paulgrewal.eth @iampaulgrewal 1h Earlier tonight the Third Circuit issued a short order in Coinbase’s mandamus action today. The court noted the SEC’s suit against us this morning and asked the SEC whether that means the SEC has decided to deny our pending petition for rulemaking. The SEC has 7 days to respond. 113 351 30 1,552 paulgrewal.eth @iampaulgrewal 1h We continue to believe that the SEC could not be proceeding with litigation against our industry, like the case filed against us today, if the SEC had not already decided to deny our petition for rulemaking. 1 24 334 paulgrewal.eth @iampaulgrewal 1h We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions. That is why we petitioned the SEC for rulemaking nearly a year ago in the first place. 1 26 1 335 paulgrewal.eth @iampaulgrewal 1h If the SEC’s answer to our petition for rulemaking is “no,” then they are required by law to tell us, because we have the legal right to question that “no” in court. And there are serious questions to be asked. 7 27 1 379 paulgrewal.eth @iampaulgrewal 1h We appreciate the Third Circuit’s careful attention to this issue. Some may dismiss this as a small or obscure request that we’ve made to the court. But it matters not just to our industry – this is core to the proper working of government agencies and the way they engage with… nitter.pw/i/web/status/166… 18 31 487 paulgrewal.eth @iampaulgrewal Jun 5 Tomorrow I will be testifying on Capitol Hill before the House Committee on Agriculture on the need for clear crypto rules and the Digital Asset Market Structure Discussion Draft. Read a summary of my testimony here/below:coinbase.com/blog/we-need-cl… We need clear rules for crypto to protect American leadership and consumers Coinbase Blog, stories from the easiest and most trusted place to buy, sell, and use crypto coinbase.com 252 689 51 3,596 paulgrewal.eth @iampaulgrewal Jun 5 The US is falling behind. We cannot afford to ignore crypto while other markets take advantage of our absence, developing rules and regulations that enable the industry to thrive and risk sending jobs, investment, and technological leadership overseas. 12 29 4 260 paulgrewal.eth @iampaulgrewal Jun 5 While regulation establishes clear rules for the industry, it also provides important accountability measures for potential bad actors. US legislation helps good guys innovate and ensures bad guys are held accountable. 3 12 1 179 paulgrewal.eth @iampaulgrewal Jun 5 How we define digital assets is critical for enabling innovation. Digital assets are diverse, and if we fail to effectively draw clear definitions of which assets are securities, which are commodities, and which are neither, crypto will continue to sit in regulatory limbo. 10 12 1 179 paulgrewal.eth @iampaulgrewal Jun 5 We need a clear rulebook in the US to achieve the full promise of crypto. Until rules and laws are developed that reflect the realities of this new economic system, we cannot realize the full potential of making our financial system faster, fairer, and more affordable. 19 14 4 238 paulgrewal.eth @iampaulgrewal Jun 5 While there are many details to be ironed out, the Digital Asset Market Structure Discussion Draft is a strong step towards developing a regulatory regime that embraces innovation, maintains US industry presence and protects consumers. 19 13 167 paulgrewal.eth @iampaulgrewal Jun 5 I appreciate the opportunity to testify tomorrow. Thank you for the invitation @HouseAgGOP. House Committee on Agriculture @HouseAgGOP Jun 5 Current digital asset regulations limit innovation & consumer protection. We aim to bring clarity & compliance to this dynamic space. Tomorrow, we'll hear from @CFTCbehnam, @giancarloMKTS, @iampaulgrewal, @DanGallagherDC, @WaltFIA & Dan Berkovitz. #Crypto agriculture.house.gov/calend… 15 17 1 255 paulgrewal.eth @iampaulgrewal Jun 3 Thirty years after my last exam at @MIT, and I still get the shakes every time I go past Walker Memorial. Time heals most wounds, but it sure as hell doesn’t heal the 1992 thermodynamics final. 18 3 193 paulgrewal.eth @iampaulgrewal Jun 2 Today’s market regulation bill from @PatrickMcHenry and @CongressmanGT lays a strong foundation for regulatory jurisdiction and definitions, BD rules, and consumer protections. I’m eager to share more on this next Tuesday before the @houseaggop. 1/3 docs.house.gov/Committee/Cal… 37 158 8 835 paulgrewal.eth @iampaulgrewal Jun 2 A comprehensive bill of this magnitude warrants an in-depth review, which we’ll be conducting over the coming days, but what we’re seeing so far is encouraging. 2/3 2 8 134 paulgrewal.eth @iampaulgrewal Jun 2 I’m especially encouraged by the attention the authors give to the discussion around what constitutes a security vs a commodity. Hopefully these definitions can settle that protracted debate once and for all. 3/3 4 12 162 paulgrewal.eth @iampaulgrewal Jun 2 Slayer. Congratulations young man. Scripps National Spelling Bee @ScrippsBee Jun 2 #Speller36 Dev Shah from Florida has spelled the word psammophile correctly, making him our 2023 Scripps National Spelling Bee Champion! Maybe he'll head to the beach to celebrate? spellingbee.com/speller-summ… #spellingbee 3 1 13 paulgrewal.eth @iampaulgrewal Jun 1 Shot: A 9-0 Supreme Court win today for a traceability requirement for Section 11 claims. Chaser: a 9-0 Supreme Court warning to agencies and others that the federal securities laws are not just whatever they want them to be— limits imposed by Congress matter. 137 268 24 1,213 paulgrewal.eth @iampaulgrewal May 31 cand.uscourts.gov/notices/pa… Northern District of California Bids Adieu to Senior Judge Ronald M. Whyte, 80 | United States... United States District Judge Ronald McLeod Whyte, Northern District of California, died early Monday morning, April 10, 2023. He was born Oct. 25, 1942, in Claremont, California, to James and Eleanor... cand.uscourts.gov 6 1 16 paulgrewal.eth @iampaulgrewal May 30 3/3 20 28 3 415 Show this thread Load more