“In any other space, if you’re working incrementally, you’d see increased compliance,” Grewal observed. “[In crypto], we haven’t seen that, so we’ve had to change strategy.” In other words, in Grewal’s view, the SEC lawsuit came down against Coinbase because the exchange didn’t respond to earlier warnings.
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...