Coinbase CLO Paul Grewal: NYT’s SEC Crypto Story Admits No Impropriety—So Why the Headline?

Coinbase Chief Legal Officer Paul Grewal criticized The New York Times' investigation into the SEC's reduced crypto enforcement under a potential future Trump administration, arguing the paper's own findings contradicted its headline. Grewal pointed out that the NYT article admitted finding "no indication" of presidential pressure or improper influence from firms on the SEC regarding case rollbacks against entities like Gemini and Binance. Critics, including Galaxy's Alex Thorn, further argue the NYT framed the enforcement rollback as unusual, ignoring that the prior aggressive stance by the Biden-era SEC was based on contested legal interpretations that faced bipartisan criticism and court challenges. The shift in policy is seen by industry observers as a predictable result of a change in SEC leadership philosophy, not political interference, highlighting a disconnect between traditional media narratives and the crypto industry's view of regulatory changes.

(Source：BeInCrypto)