Why Coinbase is Suing the SEC with Paul Grewal, Coinbase's Chief Legal Officer

Paul Grewal, Coinbase's Chief Legal Officer joins Ryan and David to discuss why Coinbase is Suing the SEC. Why did they choose to respond to the SEC's Wells Notice to Coinbase in the way they did? Is Gary playing 4D chess or is he just embarrassing and pushing U.S. crypto innovation outside of the U.S.? 

Tune in to hear Paul's thoughts and much more. 

------
📣 SAFE (Gnosis) | Non-Technical Hackathon Sign-up!!
https://bankless.cc/AA 

------
BANKLESS SPONSOR TOOLS: 

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2 

🧠 AMBIRE | SMART CONTRACT WALLET
https://bankless.cc/Ambire 

👻 PHANTOM | FRIENDLY MULTICHAIN WALLET
https://bankless.cc/phantom-waitlist 

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE
https://bankless.cc/MetaMask 

------
Timestamps:

0:00 Intro
5:44 Why Coinbase is Suing the SEC?
9:10 SEC Giving Crypto Community Rules?
13:14 Why Gary Thinks There's Clarity
15:22 Petition to Give Crypto Rules! 
18:10 Why No Clarity Yet?
20:51 What Kind of Rules Do We Want?
23:44 Engaging with the SEC 
26:40 Open Conversation? 
34:48 Coinbase Wells Notice
42:11 Why is Gary so Confident? 
45:28 Battle of Public Opinion 
49:42 Does Crypto Regulation Have Hope? 
52:45 Closing & Disclaimers 

------
Resources:

Paul Grewal
https://twitter.com/iampaulgrewal 

Coinbase Suing SEC Blog Post
https://www.coinbase.com/blog/coinbase-takes-another-formal-step-to-seek-regulatory-clarity-from-sec-for 

Coinbase Wells Notice Video
https://www.youtube.com/watch?v=zq2jf4sBdYE&t=576s 

Gary's Clarity Video
https://twitter.com/GaryGensler/status/1651624244445421591?s=20 

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures