Paul Grewal, chief legal officer at Coinbase, has called for the SEC to adopt an approach that encourages innovation in the cryptocurrency space, especially following Donald Trump's election victory. Grewal criticized the SEC's current emphasis on litigation, arguing that it causes confusion for crypto companies regarding compliance due to a lack of clear regulatory guidelines. Trump's promise to remove SEC Chair Gary Gensler on his first day in office has sparked speculation about potential successors who may adopt a more crypto-friendly stance. Prominent among these is Hester Peirce, an SEC commissioner known for her pro-crypto advocacy. Despite the push for clearer regulation, Coinbase faces scrutiny over claims from other crypto figures alleging that the exchange requested exorbitant listing fees, contradicting statements made by its CEO about the listing process. This ongoing tension highlights the challenges within the regulatory landscape for crypto firms as they navigate compliance and market operations.

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