The Coinbase Chief Legal Officer (CLO), Paul Grewal, has vehemently countered a recent report by the U.S. Government Accountability Office (GAO). The report raised concerns about the use of cryptocurrencies to evade U.S. economic sanctions. The GAO report highlighted instances where foreign states facing U.S. sanctions used cryptocurrencies like Bitcoin (BTC) to circumvent the intended impact of economic restrictions.
Coinbase CLO bashes U.S. GAO’s stance
In a series of tweets, Grewal criticized the GAO’s findings and highlighted a lack of thorough analysis. He questioned the absence of comparative studies and general analysis. Additionally, he accused the GAO of targeting an industry that diligently invests millions to comply with legal frameworks.
Grewal urged readers to scrutinize the report’s content. Furthermore, the Coinbase CLO asserted that buried within the clickbait links were admissions that digital assets are not an efficient means to evade sanctions. This highlights
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