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BREAKING: Coinbase Lawyer Blasts SEC for Being Too Vague About Failing Crypto Exchange – Meanwhile Investors Are Still Waiting for Their Life Savings Back (Spoiler Alert: It’s a Total Wild Ride)

A frustrated figure in a suit stands amidst swirling clouds of uncertainty, with arrows pointing towards unclear regulatory guidance. In one hand, they hold a briefcase overflowing with stablecoins; in the other, a warning sign bearing an 'X' symbol.

The never-ending saga of crypto’s Wild West continues as Coinbase’s chief legal officer Paul Grewal throws shade at the SEC for being too vague in its stance on FTX’s bankruptcy plans. Because, you know, clarity is overrated when it comes to making billions off gullible investors’ dreams of getting rich quick.

Source: bitcoin.com

Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has prompted calls for clearer regulatory guidance from federal agencies. Paul Grewal, the chief legal officer […]

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