It was a quirky dig at the SEC.
“I’ve decided not to set any curfew for my teenager. I’ll just ground her if she comes home later than I’d like. Regulation by enforcement,” Coinbase chief legal officer Paul Grewal wrote on LinkedIn last week, referencing what his company feels is the SEC’s heavy-handed approach to crypto.
Hermine Wong, director of the newly launched Coinbase Institute, acknowledged the off-the-wall post was “cheeky.” But she also said it was indicative of Coinbase’s growing annoyance with the regulator.
“You’re going to see frustration sometimes when there aren’t public and transparent and open engagements,” Wong told Protocol. “Everyone’s trying to be like, ‘Where can we have a really public transparent engagement on these issues?’ That’s not happening.”
That quest for stronger public engagement on crypto was largely why the company launched the Coinbase Institute in May. The idea actually came from Wong, who spent about a decade as a federal government lawyer, including six years at the SEC.
‘Enforcement 40’ for 2020
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