Coinbase's Legal Chief To Testify Before US Congressional Committee.

07 Jun 2023, 08:00

Coinbase’s Legal Chief To Testify Before US Congressional Committee Paul Grewal, the Chief Legal Officer at Coinbase Global Inc. is set to testify before the United States House Committee on Agriculture later today. As the legal chief for the largest crypto exchange in the United States, Grewal will emphasize the need for clear regulations for the crypto industry. The lawyer will also underscore the importance of the Digital Asset Market Structure discussion draft, which was introduced by House Republicans last week. Coinbase: Proposed Bill Needed For Balanced Crypto RegulationsPaul Grewal took to Twitter recently to inform his followers about his upcoming appearance on Capitol Hill. The Coinbase executive also shared a summary of the testimony that he plans to deliver before the Congressional committee. Grewal stated that he will use the opportunity to present his company’s views on the Digital Asset Market Structure Discussion Draft, which was unveiled by House Agriculture Committee Chairman G.T. Thompson and Financial Services Committee Chairman Patrick McHenry last week. Grewal stated that his testimony would revolve around three key topics: The U.S. falling behind due to a lack of clear regulations leading to the departure of crypto innovation, Crypto is solving real-world problems, and a clear path is needed in order to protect responsible innovation, and that the Digital Asset Market Structure bill is a strong step towards regulatory clarity for the crypto industry.