Coinbase calls for lifting of SEC ban on cryptocurrency holdings

Mars Finance News, on April 28, according to Cointelegraph, Coinbase called on the U.S. Office of Government Ethics (OGE) to lift the ban on SEC staff holding crypto assets. Coinbase's Chief Legal Officer Paul Grewal stated in an open letter sent on April 25 to OGE Acting Director Jamieson Greer and new SEC Chair Paul Atkins that SEC staff need to actually use cryptocurrencies to better understand how they work and how to effectively regulate them. Grewal wrote in his letter to Jamieson Greer: "To regulate a technology, you must first understand it; to understand technology, you must use it in practice. Allowing SEC staff to hold crypto assets is key to gaining the necessary knowledge and developing a viable digital securities regulatory framework."