Veröffentlicht von • Vishal Gupta, Coinbase’s head of exchange, is leaving the company to work on a new project in crypto space.
• Coinbase has been the subject of increased regulatory scrutiny from SEC for its listed digital assets, staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.
• The company responded to SEC’s action by saying that rulemaking and legislation are better tools than enforcement actions.
Vishal Gupta Leaving Coinbase
Vishal Gupta, Coinbase’s head of exchange and a Goldman Sachs veteran who was most recently Senior Director of Product Management at the firm, is reportedly leaving the exchange to start work on a new project. Gupta took to Twitter announcing his departure after 2.5 years with the company while expressing fondness for launching USDC with Circle prior to joining Coinbase. The focus of his latest effort is still unclear but he reportedly remains in the crypto space.
Coinbase Under Regulatory Scrutiny
The largest crypto exchange in the US has become subject of increased regulatory scrutiny as watchdogs step up their crypto policing efforts lately. In particular, it has been served with a Wells Notice from the United States Securities and Exchange Commission (SEC) for unspecified portion of its listed digital assets, its staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.
Coinbase Responds To SEC Action
In response to SEC’s action against them, Coinbase stated that they think rulemaking and legislation are better tools than enforcement actions when it comes to defining law for their industry but welcomed an opportunity in court if necessary to provide clarity for both themselves and the broader crypto community.
Conclusion
Vishal Gupta is leaving Coinbases after 2.5 years with them while they remain under increasing regulatory scrutiny from SEC due their listed digital assets services such as staking service Coinbase Earn etc., However they have expressed their view that rulemaking and legislation are better tools than enforcement actions when it comes to defining law for their industry but welcomed an opportunity in court if necessary to provide clarity for both themselves and the broader crypto community.