The Chopping Block: Coinbases Paul Grewal on Why the SEC Is Going After Crypto So Aggressively - Ep. 538

Published: Aug. 31, 2023, 11 a.m.

b'Welcome to The Chopping Block \\u2013 where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra, chop it up about the latest news. This week, the gang goes in depth with Coinbase chief legal officer Paul Grewal to discuss Grayscale\\u2019s win in its court case against the SEC, Coinbase\\u2019s ongoing dust-up with the SEC, the onerous new crypto reporting regulations proposed by the U.S. Treasury, and the unsettling legal arguments behind the government crackdown on Tornado Cash.\\xa0\\n\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\\n\\nShow highlights:\\xa0\\n\\nwhy Paul considers the court ruling in favor of Grayscale in its case against the SEC \\u201cnothing short of monumental\\u201d\\n\\nhow much it actually matters if a spot Bitcoin ETF gets approved\\n\\nwhat options the SEC has now to pursue its position\\n\\nwhy BlackRock may have applied for its spot Bitcoin ETF when it did\\n\\nhow the SEC \'changed its tune\' and went from approving Coinbase\\u2019s S1 to suing them in a federal court, according to Paul\\n\\nhow the collapse of FTX may have affected the SEC\\u2019s view of Coinbase\\n\\nwhy Coinbase has decided to wage its battle against the SEC so publicly\\xa0\\n\\nwhen Paul expects a final decision to be made on the SEC\\u2019s lawsuit against Coinbase\\n\\nwhat Paul would do to regulate the digital asset industry if he were Gary Gensler\\n\\nwhether the Treasury Department\\u2019s extensive proposed reporting regulations mean the crypto industry is \\u201cscrewed\\u201d\\xa0\\n\\nwhy Paul believes that the government\\u2019s crackdown on Tornado Cash is "dead wrong on the law"\\n\\n\\nHosts\\n\\n\\nHaseeb Qureshi, managing partner at Dragonfly\\xa0\\n\\n\\nTom Schmidt, general partner at Dragonfly\\xa0\\n\\n\\nTarun Chitra, managing partner at Robot Ventures\\n\\n\\nGuest:\\n\\n\\nPaul Grewal, chief legal officer of Coinbase\\n\\nPrevious appearances on Unchained:\\xa0\\n\\nJust a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown\\n\\nCoinbase\\u2019s Top Lawyer Calls SEC Wells Notice a \\u2018Massive Overreach\\u2019\\n\\nDisclosures\\nLinks\\n\\nUnchained:\\xa0\\n\\nGrayscale Wins Lawsuit Against SEC Over Denial of Bid to Convert GBTC Into a Bitcoin ETF\\n\\nSEC Issues Coinbase a Wells Notice\\n\\nTornado Cash Cofounder Arrested, Another Sanctioned by U.S. Government\\n\\nBitcoin ETFs Explained: What Are They & How Do They Work?\\n\\nCoinbase: We asked the SEC for reasonable crypto rules for Americans. We got legal threats instead.\\n\\n\\nTechCrunch: SEC settles first NFT enforcement case, fines LA media company $6M\\n\\n\\nThe Block: Treasury, IRS release proposed crypto tax reporting rules\\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'