Requiring DEXs to register with SEC like other exchanges is impossible

Requiring DEXs to register with SEC like other exchanges is impossible



Paul Grewal, the chief legal officer at Coinbase, a cryptocurrency company based in the United States, has expressed his opposition to a proposed rule alteration by the Securities and Exchange Commission (SEC). The suggested change aims to redefine what constitutes an exchange and how digital assets are regulated.



On June 14, Grewal took to Twitter to voice his concerns, stating that the SEC proposal is fundamentally flawed both in terms of its process and substance. He likened the attempt to fit a square peg into a round hole, emphasizing that it should not proceed. Specifically, Grewal was referring to the SEC's decision to extend the comment period for a proposed amendment to the Securities Exchange Act of 1934. This amendment could potentially subject decentralized exchanges to securities laws, mirroring the current regulations


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#Binance, #Coinbase, #Cryptonewstoday, #Regulations, #SEC

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