Coinbase CLO Paul Grewal has reiterated that crypto assets are here to stay, thus the SEC should focus on providing clear regulatory frameworks.
The question at hand between the US SEC and Coinbase is whether an investment contract requires actual contractual detailing. 
The legal battles in the United States between the Securities and Exchange Commission (SEC) and several crypto firms led by Coinbase Global and Ripple Labs have been a lifeline hope for the web3 industry in the region. Despite the approval of spot Bitcoin ETFs earlier this year, regulators led by Senator Cynthia Lummis have pushed the Senate Banking Committee to enact clear crypto regulatory frameworks before the upcoming elections. 
As Crypto News Flash previously reported, China through Hong Kong now has approved spot Bitcoin and Ether ETFs to allow its local investors to diversify their portfolios. The demand for digital assets has been escalated by the heightened global conflicts led by the Middle East.
Coinbase

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