Coinbase cuts ties with law firms hiring ex-regulators linked to crypto crackdown
Coinbase CEO Brian Armstrong announced the exchange would sever ties with law firms that hire former regulatory officials linked to what he describes as “unlawful” actions against the crypto industry.
Armstrong’s comments, made in a social media post on Dec. 3, follow news that former SEC Division of Enforcement Director Gurbir S. Grewal joined Milbank’s Litigation & Arbitration Group — prompting the Coinbase CEO to single out the firm as one the exchange would no longer engage with.
Armstrong stated:
“We’ve let all the law firms we work with know that, if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer be a client of theirs.”
Armstrong criticized senior partners at…
