Coinbase’s Chief Legal Officer Paul Grewal has voiced strong support for Paul Atkins, the incoming U.S. Securities and Exchange Commission (SEC) chair nominee, who has pledged to prioritize regulatory clarity in the crypto industry. Grewal welcomed Atkins’ stance, describing it as a much-needed shift that could benefit both innovation and financial markets in the United States.

The remarks came after a Senate Banking Committee hearing evaluating Atkins' nomination, where the nominee emphasized his commitment to establishing a transparent regulatory environment for digital assets. Grewal, who attended the hearing in person, highlighted key statements made by Atkins and Comptroller of the Currency nominee Jonathan Gould on the social media platform X.

SEC’s New Direction: Crypto at the Forefront

Atkins, who has been a long-time advocate for free markets, stressed that his leadership would prioritize providing structured and workable regulations for cryptocurrencies. He believes that clearer guidelines will help unlock U.S.-based innovation, open new markets for investors, and solidify America's global leadership in financial technology.

Grewal acknowledged Atkins' commitment, stating:

“Getting workable rules and regulatory clarity for crypto will unlock U.S.-based innovation, new markets for investors, and benefit American consumers and America’s position as a global technological and economic leader.”

Ending Debanking & Strengthening Financial Inclusion

Another major point of discussion at the hearing was the controversial practice of debanking, where crypto-related companies and underserved communities have struggled to access banking services. Both Atkins and Gould expressed a firm stance on ending this practice and returning the SEC to its foundational mission—protecting investors and fostering fair markets.

Grewal commended this approach, stating that Atkins’s leadership would be a “breath of fresh air” at the SEC, promising a more open and collaborative regulatory environment. He also expressed anticipation for Atkins's official confirmation by the Senate.

Atkins's Vision for the SEC Under the Trump Administration

Atkins linked his focus on crypto regulations to broader economic goals aligned with the Trump administration’s vision. He stated:

“A top priority of my chairmanship will be to work with my fellow commissioners and Congress to provide a firm regulatory foundation for digital assets through a rational, coherent, and principled approach.”

He also reaffirmed his commitment to ensuring that the U.S. remains the best and most secure place for investments:

“Should I be confirmed, my goal will be to ensure that the United States is the best and most secure place in the world to do business and for Americans to invest their hard-earned dollars to save and provide for their future.”

Industry Response: Positive Outlook for Crypto Regulation

Coinbase has been at the forefront of pushing for clearer crypto regulations in the U.S. and has often clashed with the SEC over its past enforcement-first approach. With Atkins’ nomination, the crypto industry sees renewed hope for a regulatory framework that encourages growth instead of stifling innovation.

As Atkins awaits confirmation, crypto advocates and businesses are closely watching whether his leadership will indeed bring the long-awaited regulatory clarity that the industry has been calling for.

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