Paul Grewal, diretor jurídico da Coinbase, espera ver uma mudança significativa na criação e aplicação de regulamentações de criptografia sob o regime de Trump. Ele acredita que já é hora de o governo entender que as pessoas querem apenas mais clareza e inovação no espaço dos ativos digitais. Grewal sugeriu que a indústria deveria evoluir para atender às necessidades e ao entusiasmo de seus usuários.
Grewal disse que os 52 milhões de americanos que possuem ativos digitais falaram alto durante as eleições recém-concluídas. Ele enfatizou que a comunidade criptográfica queria que a “questão criptográfica” permanecesse apartidária. O CLO da Coinbase instou tanto os democratas quanto os republicanos a intensificarem e unirem forças no estabelecimento de regulamentações sensatas que garantissem que o espaço criptográfico fosse tratado de forma justa perante a lei.
“Isso é o que desejam os 52 milhões de americanos que possuem um ativo digital”, diretor jurídico da $COIN @iampaulgrewal .
“Eles querem que esta questão permaneça apartidária, querem ver os democratas e os republicanos avançarem e aprovarem regras sensatas sobre a estrutura do mercado e stablecoins… para fazer… https://t.co/qbur7Du8DU pic.twitter.com/eAwSLET0QQ
— Julia Krieger 🛡️ (@jnkrieger) 5 de novembro 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.