Coinbase’s Chief Legal Officer Paul Grewal is stepping down after six years at the U.S. crypto giant. Grewal played an instrumental role in the crypto industry’s Washington campaign to secure industry-friendly policies.
Grewal’s Legacy
Grewal’s time at Coinbase was partly defined by a years-long legal battle with the Securities and Exchange Commission. The agency sued Coinbase in 2023 alleging the company had flouted its rules by facilitating trading in crypto tokens that it said should have registered as securities with the watchdog.
Legal experts saw the case as existential for Coinbase and the broader crypto industry, which had long sought to avoid costly SEC oversight. The agency under U.S. President Donald Trump dismissed the case last year, a massive win for Grewal, Coinbase, and the industry.
Grewal will be replaced by Molly Abraham, Coinbase’s vice president of legal, who will take on the role of general counsel. Ryan VanGrack, currently vice president of legal, will become the company’s first vice chair and head of corporate affairs.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
