Paul Grewal, director jurídico de Coinbase, espera ver un cambio significativo en la creación y aplicación de regulaciones criptográficas bajo el régimen de Trump. Él cree que ya es hora de que el gobierno comprenda que la gente sólo quiere más claridad e innovación en el espacio de los activos digitales. Grewal sugirió que se debería permitir que la industria evolucione para satisfacer las necesidades y el entusiasmo de sus usuarios.
Grewal dijo que los 52 millones de estadounidenses que han poseído activos digitales hablaron en voz alta durante las elecciones que acaban de concluir. Hizo hincapié en que la comunidad criptográfica quería que la "cuestión criptográfica" siguiera siendo imparcial. La CLO de Coinbase instó tanto a demócratas como a republicanos a dar un paso adelante y unir fuerzas para establecer regulaciones sensatas que garanticen que el espacio criptográfico reciba un trato justo según la ley.
"Eso es lo que quieren los 52 millones de estadounidenses que han poseído un activo digital", @iampaulgrewal, director jurídico de $COIN .
"Quieren que esta cuestión siga siendo no partidista, quieren que los demócratas y republicanos den un paso adelante y aprueben reglas sensatas sobre la estructura del mercado y las monedas estables... para hacer... https://t.co/qbur7Du8DU pic.twitter.com/eAwSLET0QQ
- Julia Krieger 🛡️ (@jnkrieger) 5 de noviembre de 2024
The Coinbase CLO has predicted massive changes in the U.S. SEC’s crypto caseload under a new Trump-appointed chair. He believes that the new administration will look at the existing crypto cases under Gary Gensler from a fresh perspective to determine which were purely fraudulent and which were not. According to Fox Business’s Eleanor Terrett, Grewal stopped short of saying he believed the cases against crypto firms, including Coinbase, for securities violations would be discarded.
Brian Armstrong, Coinbase CEO, said the next U.S. SEC chair should withdraw all frivolous cases and issue an apology to Americans. He added that while the apology would not undo the harm already caused, it would definitely start the process of restoring trust in the U.S. SEC as a regulatory institution.
Grewal seemed confident that a change at the top and clear regulations warranted a ‘fresh pair of eyes.’ He said it was time to stop suing crypto and start talking crypto instead. “There’s no reason to wait,” he added. The Coinbase chief legal officer suggested that the speed at which the crypto space evolved called for a collaborative approach that fostered understanding and growth. He added that working together would ensure a future where crypto’s full potential could be realized.
“I hope @SECGov understands what has happened…the voters said loud and clear that they want change. Crypto is no exception.”
Trump’s promise to shake up crypto regulations by firing the U.S. SEC chair Gary Gensler on his first day in office showed his plans to push for pro-crypto policies. Hester Pierce, a crypto-friendly U.S. SEC Commissioner, was one of the candidates rumored to be a potential replacement for Gensler.
In other matters related to policy changes in the crypto industry, Coinbase faced scrutiny over charging high token listing fees. Justin Sun and Andre Cronje confirmed that Coinbase requested millions of dollars in fees for token listing.
TRON’s Sun claimed that Coinbase asked for over $300 million to list the TRX token. Additionally, Coinbase requested 500 million TRX worth approximately $80 million and an additional $250 million worth of Bitcoin to be deposited in Coinbase’s custody.
Cronje similarly alleged that Coinbase had proposed listing fees between $30 million and $300 million for the FTM token.
In response to these allegations, Coinbase’s CEO Armstrong insisted that token listing on Coinbase was free as long as the tokens met the threshold.
However, Moonrock Capital’s CEO Simon Dedic expressed skepticism about Armstrong’s claims after facing a similar issue with Binance.