In a major move, leading cryptocurrency exchange Coinbase has appointed former senior in-house lawyer at Facebook Inc, Paul Grewal, as its Chief Legal Officer. He will be leading the legal team at Coinbase and will continue to partner with financial services regulators in a bid to support the company’s global growth.
In a statement published on the company website, Coinbase’s Chief Operating Officer Emilie Choi welcomed Paul Grewal into the team, saying that his ‘unique mix of experience in private practice, as a federal judge, and as a leading in-house lawyer and business leader will make for another phenomenal addition to the executive management team at Coinbase.’
Grewal has replaced Brian Brooks as Chief Legal Officer, who had joined Coinbase in 2018. In May, Brooks left the cryptocurrency exchange after securing the position as the acting head of the Office of the Comptroller of the Currency – the top banking regulator in the United States.
On being asked about joining Coinbase, Grewal said: “I came to understand the vision for an open financial system for the world. And I got to see just how talented and committed the entire Coinbase team is in making that vision a reality.”
Previously, Grewal served as the Vice President and Deputy General Counsel at Facebook Inc, prior to which he served as the US magistrate judge for the Northern District of California for five years. According to Coinbase’s statement, in his vast career, Grewal has dealt with some of the largest and most complicated tech-related legal issues, regulatory affairs, and commercial matters.
His appointment at Coinbase has come at a time when the San Francisco-based cryptocurrency giant is working on expanding its business in Washington amid increased regulatory scrutiny. At the same time, a number of other cryptocurrency companies are pushing to establish themselves in Washington in a bid to win the crypto industry.
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