Former Facebook Vice President and Deputy General Counsel Paul Grewal will head up Coinbase’s cryptocurrency legal team.
Crypto exchanges said the addition of Grewal will help “pave the way for the next phase of crypto awareness and implementation.” The new Chief Legal Officer will also lead the legal team as Coinbase works with financial services regulators, and develops and publish new products and services.
In corresponding to Coinbase, Grewal oversees over a thousand cases for five years as a judge, and “plays an important role” at Apple vs. Samsung and Oracle vs. Google, two key technology cases.
Pace into a different position
Coinbase’s statement comes two months after its former chief legal counsel, Brian P. Brooks, quit the exchange after two years. He is currently head of the U.S. Treasury Office, a bureau in the Treasury Department.
It is unclear whether Grewal’s appointment was determined by a recent class action lawsuit against Coinbase’s Plaid “data plumber”, which was filed following Brooks’ passing. Plaintiffs allege that Plaid violated privacy and data protection by collecting and monetizing financial transactions of millions of users.
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