Coinbase’s Legal Chief To Testify Before US Congressional Committee 16
Paul Grewal, the Chief Legal Officer at Coinbase, is set to testify before the U.S. House Committee on Agriculture later today. Grewal plans to emphasize the need for crypto regulations and underscore the importance of the Digital Asset Market Structure discussion draft released by House Republicans last week.
Summary: DCG has started selling assets held by Grayscale, the Financial Times reported. Recent SEC filings show that most of its holdings sales have come from the company’s Ethereum fund. The group hopes to raise cash to meet more than $3 billion in creditor claims from Gemini and other entities....