Senator Chris Murphy accused Coinbase of receiving preferential treatment linked to political donations during the Trump administration, claiming the company influenced SEC actions and benefited from dropped lawsuits.
In response, Coinbase’s CLO Paul Grewal dismissed these allegations, asserting that the real issue lies in years of regulatory hostility and arbitrary treatment faced by the crypto industry.
This controversy underscores the tension between lawmakers and the crypto sector, as regulatory scrutiny continues to challenge the growth of digital assets and blockchain innovation.
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