July 23, 2024
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Blockchain News

Preceding Facebook Counsel unites Coinbase as Chief Legal Officer

Paul Grewal, the prior Facebook Vice President and Deputy General Counsel, oversaw crypto exchange Coinbase’s formal team.

Paul Grewal, a former US magistrate judge in California and Deputy General Counsel for Facebook, stands assembling crypto exchange Coinbase’s formal team.

On The July 8 proclamation on the Coinbase blog, the crypto exchange explained the extension of Grewal will enable “pave the way for the next phase of crypto awareness and adoption.” 

Additionally, the new Chief Legal Officer will oversee the formal team.

As his five-year tenure as a judge, Grewal administered thousand cases during and “played crucial roles” in Apple v. Samsung and Oracle v. Google, two key formal cases on technology,  according to Coinbase

Strolling into several positions

Coinbase’s statement comes as two months after its former chief legal counsel, Brian P. Brooks, evacuated the exchange for two years. Presently he is the chief of the U.S. Office of the Comptroller of the Currency, a department as of the Treasury Department.

It’s flustered that Grewal’s nomination stood impacted by a recent class-action lawsuit against Coinbase’s “data plumber” Plaid, documented following Brooks’ departure. The plaintiffs allege that Plaid overstepped secrecy and data safety by amassing and monetizing financial transactions of millions of users.