The Controversy of SEC Withdrawal from Crypto Surveillance: What Really Happened?

Jakarta, Pintu News – Paul Grewal, Chief Legal Officer (CLO) of Coinbase, recently criticized The New York Times for what he deemed misleading reporting regarding the United States Securities and Exchange Commission’s (SEC) withdrawal from enforcing laws against crypto assets.

This criticism comes in the wake of a December 14 report that explored the SEC’s changing attitude towards digital assets following Donald Trump’s return to the White House in January 2025. Grewal emphasized that the narrative constructed by the media did not reflect the actual reality.

Paul Grewal’s response to the news

Paul Grewal points out that in the online version of the investigation, there is an important admission that is often overlooked by readers. This admission suggests that no inappropriate actions were taken by the SEC, even though the headline seemed to imply otherwise. Grewal argued that the headline used by The New York Times could negatively affect public perception of the SEC.

According to Grewal, it is important for the media to present accurate and unbiased information, especially on sensitive issues such as crypto regulation. He added that incomplete or misleading reporting can have a major impact on investor confidence and market dynamics. Grewal hopes that in the future, crypto coverage can be more balanced and provide a broader context.

Also Read: Ethereum Headed to $5,000: Investment Opportunities Ahead of 2026!

Critique of the SEC and Political Implications

Some crypto policy observers also voiced their disappointment with the narrative constructed by The New York Times. They argue that the article fails to provide critical historical context regarding the SEC’s policy towards crypto. These criticisms suggest that there is a need for a deeper understanding of how political decisions affect crypto regulation.

Other observers believe that the SEC’s withdrawal from crypto law enforcement is based more on market predictions than political compulsions. They argued that this policy change was the result of an evaluation of the effectiveness of the previous approach, rather than political pressure. This demonstrates the complexity of the interaction between government regulation and crypto market innovation.

Impact on Markets and Investors

The SEC’s changing stance on crypto has certainly had a significant impact on the market. Crypto investors and market participants pay close attention to any policy changes that may affect the value of their investments. Clarifications from figures like Paul Grewal are expected to provide legal certainty and reduce market uncertainty.

In addition, regulatory clarity is also important to maintain the integrity of the crypto market. With legal certainty in place, investors can make more informed decisions and reduce the risk of loss. It also helps in building public trust in cryptocurrencies as a legitimate investment alternative.

Conclusion

Paul Grewal’s critique of The New York Times highlights the importance of responsible journalism in reporting on complex issues like crypto regulation. By providing a more complete and accurate context, the media can help the public understand the real dynamics behind government policies and their effect on global markets.

Also Read: Bitcoin Stuck Below $94,000: When Will Price Recovery Happen?

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FAQ

Q1: Who is Paul Grewal?

A1: Paul Grewal is the Chief Legal Officer (CLO) at Coinbase, a crypto exchange platform.

Q2: What does Paul Grewal criticize The New York Times for?

A2: Paul Grewal criticized *The New York Times* for the misleading headline and narrative in its report on the SEC’s withdrawal from crypto law enforcement.

Q3: When will Donald Trump return to the White House?

A3: Donald Trump returns to the White House in January 2025.

Q4: What impact will the SEC’s change in attitude have on the crypto market?

A4: A change in the SEC’s stance could affect investment value and investor confidence, and reduce uncertainty in the crypto market.

Q5: Why is it important for the media to present accurate information about crypto?

A5: Accurate and unbiased presentation of information is important for maintaining investor confidence and market integrity, as well as helping the public understand regulatory and market dynamics.

Reference

• BeInCrypto. Coinbase, CLO, NYT, SEC: Crypto Enforcement Story. Accessed on December 15, 2025