The U.S. Securities and Exchange Commission (SEC) proposed a rule in 2022 about “best execution” in the crypto asset securities market. However, Paul Grewal, the Chief Legal Officer of Coinbase, has come forward to voice his concerns about the proposed rule.

The SEC’s Proposed Rule and Its Legal Obligations

The proposed rule, Regulation Best Execution (Reg Best Ex), aims to provide a regulatory framework for brokers to ensure they offer the best possible prices to their customers. This proposed rule has caused quite a stir in the digital currency market, as it’s the first time the SEC has applied such a rule to crypto asset securities read more