Coinbase Welcomes New Chief Legal Officer from Facebook's Legal Team: Introducing Paul Grewal
Shine Li Jul 09, 2020 09:48
Coinbase proudly announced in a July 8 blog post that a new addition will be made to the crypto exchange’s legal team. Paul Grewal, a former US magistrate judge in California and Deputy General Counsel for Facebook, will be joining the ranks of the digital currency exchange.
Coinbase proudly announced in a July 8 blog post that a new addition will be made to the crypto exchange’s legal team.
Paul Grewal, a former US magistrate judge in California and Deputy General Counsel for Facebook, will be joining the ranks of the digital currency exchange.
Coinbase indicated that the opportunity for crypto is currently on the rise and that it is therefore a crucial moment for them to invest in “world-class leaders and teams that can pave the way for the next phase of crypto awareness and adoption.”
According to Coinbase, Paul Grewal is a good addition to the Coinbase team, as his background is diversified and ranges from a legal background to a business profile. He is known to have significantly impacted the tech industry, due to his role in the ongoing Apple vs. Samsung and Oracle vs. Google tech cases.
Also, he regulated legal issues and grew his legal team when he was working for Facebook. When prompted about the reason behind joining Coinbase, Grewal said:
“I came to understand the vision for an open financial system for the world. And I got to see just how talented and committed the entire Coinbase team is in making that vision a reality.”
With Paul’s expertise, Coinbase hopes to achieve new heights in the crypto field. The crypto exchange has been working on adding new crypto assets to their listings for awhile. Currently, Coinbase brokers cryptocurrency exchanges of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tezos, among other cryptos. Coinbase is considering expanding its digital assets to include VeChain, Aragon, Bancor, Origin Protocol, and Ren to its potential listings.
Under its Digital Asset Framework, Coinbase has been evaluating potential digital assets and looking into the project’s security and compliance before moving forward with new cryptocurrency adoption. On the official Coinbase blog, the digital platform wrote:
“Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations.”
