Paul Grewal, chief authorized officer of U.S.-based cryptocurrency firm Coinbase (NASDAQ:), stated the Securities and Trade Fee (SEC) might change the definition of an change and the way digital belongings are regulated. ) opposed the proposed rule change. .

In a June 14 Twitter thread, Grewal stated: Mentioned The SEC’s proposal “fitted a sq. peg in a spherical gap” was “too flawed in course of and content material to maneuver ahead.” He stated the SEC has prolonged the remark interval on proposed rule modifications to the Securities Trade Act of 1934 that would apply securities legal guidelines to decentralized exchanges, much like what at present applies to inventory exchanges. was referring to the truth that

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