Coinbase Chief Legal Officer Paul Grewal said the White House recognized outdated payment access rules as favoring incumbents and praised President Trump for directing regulators to address the issue.
Coinbase Chief Legal Officer Paul Grewal said the White House has acknowledged that outdated payment access rules favor established financial institutions over fintech and crypto companies. He described the system as protectionism and said President Trump directed regulators to fix it. The remarks frame payment system access as a competitive issue for digital asset firms, because access to banking and payment rails is a basic requirement for operating exchanges, custody services, and other crypto businesses.