Coinbase Says It Already Complies With SEC’s Custody Proposal

Coinbase Global Inc. should not be affected by a proposal from US regulators to make it harder for crypto firms to be “qualified custodians,” Paul Grewal, the company’s chief legal officer, said on Bloomberg TV Wednesday.

“I think that when it comes to Coinbase, we see SEC officials recognize that specifically Coinbase is operating in a qualified manner,” Grewal said. “In a lot of ways, this is about bringing the rest of the industry to the standard Coinbase has set for itself.”

WATCH: Paul Grewal, Coinbase’s chief legal officer, comments on the SEC’s custody proposal.

Source: Bloomberg

The US Securities and Exchange Commission on Wednesday proposed expanding its requirements for qualified custodians to ...