Coinbase Vs SEC: CLO Paul Grewal Rejects Secondary Crypto Sales Ruling Precedent

In the ongoing legal battle between Coinbase and the Securities and Exchange Commission (SEC), Coinbase CLO Paul Grewal has expressed his views on the recent ruling issued by a federal judge. He stated that the default judgment in the Coinbase vs SEC lawsuit doesn’t hold significant value. Grewal’s comments came in response to the latest hearing in the case, which revolves around allegations of insider trading involving a former Coinbase employee, Ishan Wahi, and his associates.