COINOTAG News, April 28—In a significant move that could reshape the regulatory landscape for cryptocurrencies, Coinbase has formally requested the U.S. Office of Government Ethics (OGE) to reconsider the existing restrictions on personnel at the U.S. Securities and Exchange Commission (SEC) regarding cryptocurrency ownership. This appeal, articulated in an open letter dated April 25, emphasizes the importance of practical engagement with digital assets to enhance regulatory efficacy.
The letter, drafted by Coinbase’s Chief Legal Officer, Paul Grewal, implores OGE Acting Director Jamieson Greer and the newly appointed SEC Chairman, Paul Atkins, to recognize that firsthand experience with cryptocurrency is essential for informed governance. Grewal argues that a deeper understanding of this evolving technology is imperative for the SEC to formulate an effective regulatory framework for digital securities.
This call for lifting the ban underscores a growing recognition within regulatory circles that effective oversight must be rooted in genuine familiarity with the assets being regulated. The outcome of this initiative could significantly influence the future of cryptocurrency regulations in the United States.
Source: https://en.coinotag.com/breakingnews/coinbase-advocates-for-sec-staff-to-hold-cryptocurrency-for-better-regulation-understanding/