Coinbase fires back at senators asking SEC to halt crypto ETF approvals
Coinbase chief legal officer Paul Grewal says there’s direct evidence that Ether’s futures and spot markets are just as correlated as Bitcoin, suggesting the senator’s letter is misguided.
Coinbase chief legal officer Paul Grewal has slammed a letter by two United States senators urging the SEC to more tightly regulate Bitcoin ETFs and reject any further crypto ETF applications.
In a March 15 post to X, Grewal criticized the senator’s recent March 11 letter — which had claimed the approval of further crypto ETFs beyond Bitcoin would expose investors to “enormous risks.”
“Respectfully Senators, the evidence points exactly the opposite way,” said Grewal in response.
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