Summary
- Coinbase reportedly asked the U.S. Department of Justice to intervene in state virtual asset enforcement actions.
- Chief Legal Officer Paul Grewal said state-level regulation affects the company's operations and the industry as a whole.
- He emphasized that legal and regulatory volatility could affect investor confidence and the market environment for the virtual asset industry.
On the 16th (local time), according to Cointelegraph, a media specializing in virtual assets (cryptocurrencies), the virtual asset exchange Coinbase asked the U.S. Department of Justice to intervene in state enforcement actions regarding virtual assets.
Paul Grewal, Coinbase's Chief Legal Officer (CLO), urged this in a 14-page letter sent to the Department of Justice, expressing concern about the impact of state-level regulation on the company's operations and the industry as a whole.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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