BlockBeats News, March 28, Coinbase Chief Legal Officer Paul Grewal wrote, "I participated in the Senate Banking Committee hearing on the nomination of Paul Atkins as SEC Chairman. Here are some highlights from today:
· Mr. Atkins confirmed his commitment to building a transparent, industry-inclusive, and consumer-friendly SEC. This is truly a refreshing change from the past.
· Mr. Atkins emphasized that digital assets are a top priority this year. Developing viable rules for cryptocurrency and regulatory clarity will unleash domestic innovation, open up new markets for investors, benefit American consumers, and enhance America's position as a global technology and financial leader.
· Mr. Atkins and CFTC nominee Jonathan Gould discussed the issue of 'de-banking' and pledged to completely end this undemocratic practice. As Mr. Atkins put it, it's time for the SEC to 'get back to basics.' He will bring a breath of fresh air to this key regulatory and rule-making body, and I look forward to his swift formal confirmation by the committee and the full Senate."
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