- Coinbase Chief Legal Officer Paul Grewal will step down on July 31 and move to an advisory role.
- Legal vice presidents Molly Abraham and Ryan VanGrack will become general counsel and vice chair, respectively.
- Grewal led Coinbase through the SEC’s 2023 lawsuit, which was later dismissed under the Trump administration.
- Coinbase continues to push for the CLARITY Act to shift crypto oversight from the SEC to the CFTC.
Paul Grewal, who has served as Coinbase’s chief legal officer since 2020, announced that he would transition to an advisory role at the exchange starting on July 31. Legal vice presidents Molly Abraham and Ryan VanGrack will become general counsel and vice chair, respectively, following his departure. Abraham said she would “take the helm” of the legal team.
Whoever steps into Grewal’s role as chief legal officer will likely wield significant influence over U.S. crypto policy. As CLO, Grewal led Coinbase through the SEC’s 2023 enforcement action, which alleged the exchange operated as an unregistered securities broker and clearing agency. The lawsuit was later dismissed under the Trump administration, and Coinbase has since forged strong ties with the White House and pro-crypto lawmakers.
Meanwhile, Coinbase executives continue pushing Congress to pass the Digital Asset Market Clarity Act, which would shift digital asset oversight from the SEC to the CFTC. The Senate returns from a state work period on Monday and could take up a vote on the bill. Grewal added that he would announce a potential new position “in due course.”
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