Coinbase Chief Legal Officer Paul Grewal has criticized The New York Times for what he describes as a misleading narrative regarding the SEC's reduced crypto enforcement under President Trump's administration. Grewal argues that the Times' own reporting contradicts its headline, noting that the article found no evidence of presidential pressure or improper influence on the SEC's actions.
The Times' investigation highlighted a significant decline in crypto enforcement actions, with the SEC pausing or dropping over 60% of inherited cases, including those against Gemini and Binance. While the article noted some firms had ties to Trump's political operations, it found no evidence of direct influence. Critics, including Grewal and Alex Thorn from Galaxy, argue the report lacks historical context, suggesting the enforcement rollback was predictable due to shifts in SEC leadership and policy, rather than political interference.
Coinbase CLO Criticizes NYT for Misleading SEC Crypto Enforcement Narrative
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