Coinbase chief legal officer: SEC response to its petition rejecting digital asset rules was too brief

Paul Grewal, the Chief Legal Officer of Coinbase, criticized the U.S. Securities and Exchange Commission's (SEC) response to Coinbase's request for clearer cryptocurrency regulation as being too brief. Grewal emphasized the shortcomings of the SEC's relevant documents in a tweet, which formed the basis for its rejection of Coinbase's petition for digital asset rules.