On March 28, Coinbase's Chief Legal Officer Paulgrewal wrote, "I attended the Senate Banking Committee hearing on the nomination of Paul Atkins to be the Chairman of the SEC. Here are some highlights from today:

· Mr. Atkins confirmed his commitment to creating an SEC that operates transparently and incorporates industry and consumer input. This is a refreshing change compared to the past.

· Mr. Atkins emphasized that digital assets are a top priority this year. Establishing viable rules and regulatory clarity for cryptocurrencies will unleash domestic innovation in the United States, open new markets for investors, benefit American consumers, and enhance the United States' position as a global technology and financial leader.

· Mr. Atkins and the Comptroller of the Currency nominee Jonathan Gould discussed the issue of "de-banking" and promised to thoroughly end this undemocratic practice. As Mr. Atkins said, it's time for the SEC to "get back to basics." He will bring a breath of fresh air to this critical regulatory and rule-making institution, and I look forward to his formal confirmation by the committee and the full Senate soon."