The Future of Crypto Regulation: Key Insights from Legal Experts

Professor Joseph Grundfest from Stanford Law School and Coinbase’s Paul Grewal discussed rapid changes in crypto regulation during a Cornerstone Research presentation. Key topics included the SEC’s new enforcement policy, implications of the SEC’s “meme release,” pending legislation for stablecoins, and the future regulatory environment for cryptocurrencies.

In a recent virtual presentation hosted by Cornerstone Research, Professor Joseph Grundfest from Stanford Law School, alongside Paul Grewal, Chief Legal Officer of Coinbase, examined rapid changes within crypto regulation in early 2025. Their insights revealed that few sectors of securities law have experienced as significant transformations in such a brief period.

The conversation highlighted the Securities and Exchange Commission’s (SEC) fresh enforcement policies. They reviewed recent cases that have been either dismissed or stayed and contemplated the likelihood of further prosecutions in this evolving landscape.

Another critical topic was the implications of the SEC’s recently released guidance, referred to as the “meme release,” exploring its effects on the crypto sector. This touching on how enforcement actions may influence market behaviour and regulatory expectations.

Furthermore, the discussion outlined pending legislative developments that could lead to a new stablecoin market, emphasizing potential global ramifications. Participants were encouraged to consider the broader impact of these regulations on international finance.

Finally, the dialogue speculated on the future of the regulatory environment for cryptocurrencies, suggesting that continued adaptation to these updates will be essential for stakeholders involved in the crypto space. The session was moderated by Abe Chernin of Cornerstone Research, ensuring a comprehensive overview of these pressing issues.