Grewal warned there was still work to do, however, saying legislation was critical to avoid such cases in the future.
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SEC agrees to dismiss case against Coinbase in principle, subject to Commissioner approval
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Paul Grewal, Coinbase's Chief Legal Officer, stated that the SEC's dismissal of the lawsuit over Coinbase operating as an unregistered exchange corrects a significant wrong. However, he stressed the need for clear legislation to prevent similar cases in the future.
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