- After Trump’s win, Coinbase’s Paul Grewal calls SEC to stop suing crypto and initiate rulemaking.
- Trump’s promise to fire SEC Chair Gary Gensler could pave the way for more crypto-friendly leadership.
- Coinbase takes heat over rumored token listing fees up to $300 million.
Paul Grewal, Coinbase's Chief Legal Officer, has asked the US Securities & Exchange Commission (SEC) to reconsider how it regulates cryptocurrencies now that Donald Trump has been elected to a second term as president.
Grewal seemed hopeful that the SEC might change its regulatory model so that it focuses on open conversation and innovation instead of focusing on lawsuits. This view fits with the growing anger among crypto supporters over the SEC's current enforcement actions.
Trump plans to fire SEC Chair Gary Gensler. A change in leadership at the SEC could have big effects on how cryptocurrencies are regulated in the US in the future.
Justin Sun and Andre Cronje allege ‘exorbitant’ token listing fees
Since Trump claimed to get rid of SEC Chair Gary Gensler, there has been a lot of speculation regarding possible replacements. Candidates who are likely to be more crypto-friendly received a lot of attention.
One of the major names is SEC Commissioner Hester Peirce, who is known for being in favor of cryptocurrencies. People in the community have called Peirce "Crypto Mom" because of her contribution as an advocate in the field. As a result of claims that its marketing fees for tokens are too high, the SEC is calling for more openness on Coinbase.
Justin Sun, the founder of Tron, said in a X post on November 4 that Coinbase wanted an unbelievable $300 million to list the Tron token on its website.
Like Sun, Andre Cronje, the founder of Fantom Network, said in a post on November 3 that Coinbase told him that listing fees for Fantom would be between $30 million and $300 million, but Binance didn't charge anything.
Brian Armstrong, CEO and co-founder of Coinbase, said in a post on X on November 2 that "listing assets on Coinbase is free." These claims contradict what Armstrong said.
Asset listings on Coinbase are free - drop us a note through our Asset Hub and we'll see if we can helphttps://t.co/Weoa8MhLeq
— Brian Armstrong (@brian_armstrong) November 2, 2024
And yes, DEXes are also a great option (which we support in our products). https://t.co/cjp0Avu4uC
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Monero Price Forecast: XMR bulls target double-digit gains amid market volatility
Despite the recent market correction this week, Monero’s (XMR) price stabilizes above $220 at the time of writing on Wednesday after retesting its ascending trendline and finding support around $195 on Monday.
Bitcoin hovers around $97,000 as crypto czar David Sacks evaluates US Bitcoin Reserve
Bitcoin price hovers around $97,000 on Wednesday after falling 3.5% the previous day. President Trump’s crypto czar David Sacks says they will evaluate a Bitcoin Reserve.
Chainlink Price Forecast: LINK holders bought into recent price dips
Chainlink (LINK) price is retesting and finding support around its descending trendline throwback at $16.91 this week, eyeing a recovery ahead. On-chain data supports the recovery as LINK’s daily active addresses and revenue generated are rising.
Crypto AI investors dump $2.5B as China retaliates to Trump trade war with NVIDIA, Google probe
The Crypto AI sector plunged 8.5%, shedding over $2.5 billion on Tuesday in reaction to the aftershocks of the U.S.-China trade war. China has revived antitrust investigations into U.S. tech giants Google and NVIDIA following a 10% ]\tariff imposed by the Trump administration.
Bitcoin: BTC in positive tone ahead of third highest-returning month
Bitcoin (BTC) price hovers around $104,000 on Friday after bouncing off its 50-day Exponential Moving Average earlier this week. A K33 Research explains how Nvidia’s big drop in stock valuation this week, driven by DeepSeek, affected Bitcoin’s price.
The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.