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Bitcoin.com 2023-07-06 11:30:26

Coinbase CLO Paul Grewal: SEC’s Interpretation of ‘Investment Contract’ Violates Law

Paul Grewal, CLO of Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of violating the law by assessing what constitutes an investment contract. Grewal’s reasoning comes from the Supreme Court of the United States’ (SCOTUS) decision thwarting President Biden’s student loan forgiveness program using the so-called

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