Coinbase Chief Legal Officer Paul Grewal shared his views on the ongoing litigation between Ripple and the SEC in a live interview with John E Deaton, a prominent lawyer and advocate for XRP holders.
Grewal expressed his concerns about the lack of clarity and consistency in the SEC's approach to regulating digital assets, particularly regarding primary and secondary sales.
Grewal said that Coinbase, one of the world's largest and most recognizable cryptocurrency platforms, is closely following the developments in the case and hopes for a positive outcome that will benefit the entire industry. Grewal used the following statements in the live broadcast:
“We pay as much or more attention to what's going on in Judge Torres's court [the Ripple-SEC case] as anyone else in the world because we're very keen to see clarity finally brought to the market and the confusion erected by the SEC's far-reaching perspective on primary and secondary sales. . we want to see this confusion cleared once and for all.”
The interview was part of Deaton's Crypto Law TV series, which aims to educate and inform the public about legal issues surrounding digital assets.
Deaton is leading a motion to intervene in the Ripple lawsuit on behalf of XRP holders, who allege that they have been harmed by the SEC's claims that XRP is an unregistered security.
*Not investment advice.