News list for " legal officer"
Paul Grewal, Chief Legal Officer of Coinbase, posted on the X platform: "Last month, we successfully rejected an unreasonable request for a court to force us to continue listing a token that no longer meets our listing criteria. Today, Coinbase has decided to completely dismiss BiT Global's unreasonable lawsuit. There is no legal requirement that Coinbase must custody assets that have an unacceptable level of risk due to their association with Justin Sun et al. We have every right and responsibi...
Jake Chervinsky, chief legal officer at Variant Fund, a cryptocurrency venture capital firm, said in a social media post: "Today marks the beginning of a major shift in U.S. crypto policy. The goal is to achieve good regulation and a hundred flowers. The approach for the past four years has been to destroy entire meadows. The risk now is that a thousand scams will emerge: weeds kill flowers."
On January 19, Paul Grewal, Chief Legal Officer of Coinbase, wrote in X: "We have asked the Second Circuit to hear our provisional appeal. Decades of appellate precedent confirm that'investment contracts' require content of a contractual nature. The Circuit Court can provide...
On January 1st, Ripple Chief Legal Officer Stuart Alderoty outlined six key principles on New Year's Eve, urging the SEC to take a prudent approach to crypto regulation: The SEC only has jurisdiction over securities transactions. The sale of gold bars with contractual rights, ownership or interests in gold mines may be a securities transaction. Selling the same gold bar without after-sales rights or obligations is just an asset sale, and the SEC has no authority to regulate it. The SEC's jurisdi...
According to Bitcoin.com, Ripple's chief legal officer, Stuart Alderoty, recently exposed on social media the US regulator's "Operation Chokepoint 2.0" (a government-led liquidation of the cryptocurrency industry) against the crypto industry. He pointed out that since 2021, institutions such as the Federal Reserve, the FDIC, and the OCC have pressured the crypto industry through bank regulation policies, similar to the regulatory approach that targeted specific industries such as gun shops in 20...
Stuart Alderoty, Ripple's chief legal officer, shared his advice with the incoming US SEC leadership in an X post this week. Alderoty expressed confidence in the transition team's ability to effectively address cryptocurrency regulatory issues and urged a number of actions. "I am confident that the transition team will make the right decision considering these fundamental conditions for cryptocurrencies," he wrote. Alderoty recommends an immediate end to cryptocurrency lawsuits unrelated to frau...
"Hopefully the SEC understands what happened in the election," Paulgrewal.eth, Coinbase's chief legal officer, said in a social media post. "On many, many issues, voters have said loudly and clearly that they want change. Cryptocurrencies are no exception. Stop suing cryptocurrencies and start talking to them. Start making rules now, there's no reason to wait any longer."
On November 7th, Coinbase Chief Legal Officer Paul Grewal said recently that he expects "significant changes" to the SEC's cryptocurrency-related cases under the new Trump-nominated chairperson of the Securities Exchange Commission (SEC). "I think the new administration will revisit all cryptocurrency cases brought during Gary Gensler's tenure, distinguishing between obvious scams and non-scams," Grewal told reporters. Although Grewal did not explicitly state that Coinbase and...
Paul Grewal, Coinbase's chief legal officer, said the Federal Deposit Insurance Corporation's (FDIC) FOIA judge had ordered the agency to produce the Operation Chokepoint 2.0 suspension letter "with remarkable speed" and thanked the court for its action on the matter. He announced that this is an important step towards transparency for the FDIC and other regulators. Coinbase is filing a lawsuit and filing a FOIA request to force regulators to provide clear guidance. Similarly, Grewal decided to ...
Coinbase Chief Legal Officer Paul Grewal has accused the Federal Deposit Insurance Corporation (FDIC) of taking covert actions to crack down on the crypto industry. Grewal claims that documents obtained through the Freedom of Information Act revealed a series of so-called suspension letters. In these letters, the FDIC is said to have instructed banks to delay or stop providing services to crypto companies. He described the letters as "an attempt by U.S. government entities to cut off law-abiding...
Coinbase's chief legal officer on the X platform said that so far, we have found more than 20 examples of the FDIC (Federal Deposit Insurance Corporation of the United States) asking banks to "suspend" or "stop providing" or "not continue" to provide crypto banking services. The public deserves transparency, not an agency working behind the scenes of bureaucracy.
Stuart Alderoty, Ripple's chief legal officer, shared two images on the X platform, one of Taylor Swift's Time Tour concert tickets at Hard Rock Stadium, and another with the beaded inscription "XRP is not a security", saying that "a secondary market similar to this note does not make it a security, just like trading cryptocurrencies, not every market is a security market", XRP is not a security, just like Taylor Swift's concert tickets. So...
On October 16, Ripple Labs Chief Legal Officer Stuart Alderoty said that as the SEC prepares to appeal a federal judge's decision involving XRP, the agency will face another defeat. "It would be counterproductive for the SEC," he said in an interview. "I feel good about our case in the Southern District of New York and even better about the Second Circuit." Alderoty said that when the SEC first filed a lawsuit against Ripple and two of its executives in 2020, the company publicly declared that i...
Paul Grewal, Coinbase's chief legal officer, said in a social media post that "Ryan VanGrack will join Coinbase as vice president of litigation, having previously served as general counsel at Citadel Securities, a globally renowned market maker."
Coinbase Chief Legal Officer Paul Grewal responded to a recent FUD surrounding the terms of service for users of Coinbase's newly launched "bitcoin encapsulated" product cbBTC, confirming that Coinbase will compensate customers in full if the exchange loses the underlying bitcoin. The clarification comes after someone pointed to a worrying clause in the cbBTC user agreement that states that if the exchange loses the underlying bitcoin due to malicious activity or...
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