Tech Intersect™ with Prof Tonya M. Evans

Tech Intersect #161: Paul Grewal on The Coinbase Wells Notice and SEC Regulations on Crypto [SPOTLIGHT]

June 09, 2023 Tonya M. Evans Episode 161
Tech Intersect™ with Prof Tonya M. Evans
Tech Intersect #161: Paul Grewal on The Coinbase Wells Notice and SEC Regulations on Crypto [SPOTLIGHT]
Show Notes Chapter Markers

On March 9, 2023, I met Paul Grewal, the Chief Legal Officer (CLO) of crypto exchange Coinbase, while giving testimony for the House Financial Services Sub Committee on Digital Assets, Financial Technology and Inclusion. When the news came out that Coinbase was served a Wells notice, I knew I had to sit down with Paul to better understand the situation. This week, episode 161 of the Tech Intersect™ Podcast is a spotlight replay about the Coinbase Wells Notice, SEC regulations of the crypto asset industry in light of the SEC’s official enforcement action about Coinbase and Binance. 


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Paul Grewal is the CLO of Coinbase, a digital currency wallet where merchants and consumers can transact with new digital currencies like Bitcoin, Ethereum, and Litecoin. Paul is responsible for legal compliance, global intelligence risk management, and government relations groups.  Previously, Grewal was vice president and deputy general counsel at Facebook and is also a former U.S. magistrate judge for the United States District Court for the Northern District of California.

Some of the talking points Paul and I go over in this episode include:

  • Paul’s unusual path into the crypto space.
  • Why the Wells notice is a disappointment - but not a shock- to Coinbase.
  • Staking services and whether they are connected to securities.
  • How regulations can be adapted for the crypto space and made easy to follow and understand.

Thank you for listening! If you enjoyed this episode, take a screenshot of the episode to post in your stories and tag me! And don’t forget to follow, rate, and review the podcast and tell me your key takeaways!

You can also check out Coinbase’s recent blog post about Crypto435 here.





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SEC Press Release

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Prof. Tonya Evans' Written Testimony

Regulate & The Rabbit Hole by Notty Prod licensed via Creative Commons Attribution-NoDerivatives 4.0 International License. Produced by Tonya M. Evans for Advantage Evans, LLC

Paul Grewal on The Coinbase Wells Notice and SEC Regulations on Crypto [SPOTLIGHT]
Paul’s path to Coinbase
Challenges in the crypto space.
Coinbase received no response from the SEC on their response to the petition.
What is staking and why does it not qualify as securities?
The SEC has been aware of staking and on-chain taking for years.
How can the regulations be adapted to fit the crypto space?