
KEY POINTS
- Grewal noted that there were 'many, many creative attempts' by industry players to avoid being regulated
- He blasted the 'decade's worth of verbal gymnastics' that only distract the world from real crypto-related issues
- The SEC recently scored a win in its Coinbase lawsuit as a judge ruled that it will proceed to trial
Nearly three months since the U.S. Securities and Exchange Commission (SEC) made the historical move of approving 11 spot Bitcoin exchange-traded funds (ETFs), some of the regulator's leaders still have a negative view of the cryptocurrency industry.