Coinbase CLO Points Finger at SEC for Democrats’ Downfall

• Coinbase CLO Paul Grewal blames the SEC for the Democrats’ loss in the 2024 election.
• Grewal urges the SEC to stop suing crypto companies and improve communication.
• The crypto community expects significant changes with Trump’s upcoming presidency.

Shortly after the end of the United States 2024 election – crypto personalities are starting to weigh in on the results, and also how the new presidency could change the market in the coming years. 

Coinbase CLO Paul Grewal had plenty to say about the results, and how the Democrats handled the management of digital assets. 

In his most recent Tweet, Grewal implied that the Securities and Exchange Commission could be partly to blame for the Democrat’s downfall in 2024. After all, on top of losing the presidential spot, the Democratic Party also lost control in the Senate, as Congress votes are still being counted. 

The Coinbase CLO pleaded that – moving forward – the SEC should stop suing crypto companies, and instead open a broader communication channel to allow digital asset firms to understand better what is the SEC looking for. 

For years, companies like Coinbase and Ripple have complained about the SEC’s lack of transparency. This lack of clarity has created an uncertain environment for digital asset firms – which many times rendered them defenseless against SEC legal action. 

However, the public can already expect big changes by January when Donald Trump takes office. In one of its first public statements after the victory, the Republican already stated plans to fire the Securities and Exchange Commission Chair, Gary Gensler.