Grewal V. Grewal: What Coinbase’s GC Should Expect from the SEC’s Enforcement Director – The FinReg Blog

Paul Grewal, chief legal officer of Coinbase, and Gurbir Grewal, Director of the SEC’s Enforcement Division, each have a lot on their plate.

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For the second time, Paul and Gurbir’s two worlds have collided. The first time Paul and Gurbir came to figurative blows was when the SEC sent Coinbase a “Wells Notice,” stating that the SEC planned to charge Coinbase for securities violations relating to Coinbase’s planned offering of a crypto-lending program called Lend (more on that skirmish later).

The second time relates to a recent Bloomberg report that the SEC is investigating whether Coinbase improperly let U.S. investors trade digital assets that should have been registered as securities. That report came on the heels of the announcement of a criminal prosecution by the U.S. Department of Justice (DOJ) together with an SEC enforcement action against former Coinbase product manager Ishan Wahi, his brother and his friend.

Source: Grewal V. Grewal: What Coinbase’s GC Should Expect from the SEC’s Enforcement Director – The FinReg Blog