Requiring DEXes to register with SEC like different exchanges is 'inconceivable', says Coinbase CLO

Paul Grewal, chief authorized officer of United States-based cryptocurrency agency Coinbase (NASDAQ:), has pushed again towards a proposed rule change from the Securities and Change Fee (SEC) which might change the definition of an trade and the way digital property are regulated.

In a June 14 Twitter thread, Grewal mentioned the SEC proposal “tries to suit a sq. peg in a spherical gap” and was “too flawed on course of and substance to maneuver ahead”. He was referring to the SEC extending the remark interval for a proposed rule change within the Securities Change Act of 1934 which might have securities legal guidelines apply to decentralized exchanges in the identical manner they at the moment apply to securities exchanges.

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