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Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain-based financial services. Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments. I currently manage a team of US regulatory lawyers and licensing specialists with responsibility for regulatory strategy Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments. Paul S. Grewal. Not a Bloomberg Law Subscriber?Subscribe Now. Like all great innovations, change comes with challenges, he wrote. As Nillions only in-house The Centre Consortium backs USDC, the worlds largest stablecoin and one pegged to the U.S. dollar whose value last summer broke the $1 billion mark. Terms of Service. All Rights Reserved. Deok Keun Matthew Ahn left his role as an associate general counsel at Coinbase in October to become deputy general counsel at Zumper Inc., an apartment rental startup whose legal chief is former Coinbase lawyer Aaron Hou. very deliberately, she stated Tuesday in an email. Amy Luo, senior counsel for global business development and stablecoins, wrote on her LinkedIn profile last month that she had become general counsel for the Centre Consortium, a group backed by Coinbase and cryptocurrency company Circle Internet Financial Ltd., the latter of which hired a new general counsel in September. Coinbase earlier this month hired Lowenstein Sandler counsel Alexander Zozos, a former special counsel in the Securities and Exchange Commissions Division of Trading and Markets, as a senior product counsel in New York. April 1, 2021 General Counsel. [3] After working at Pillsbury, Grewal then served as a judicial law clerk for Judge Arthur J. Gajarsa of the United States Court of Appeals for the Federal Circuit. Milana McCullagh, who spent the past 13 years in-house at Alphabet Inc.'s Google LLC, was announced Friday by Coinbase as its new deputy general counsel for product and commercial legal. Continuing to recruit legal talent from big-name companies,San Francisco-based digital currency exchange Coinbasehas brought on two new senior-level in-house attorneys, pulling from the legal departments of Google and Dyson. [3] In private practice, Grewal was also a registered patent attorney admitted to practice before the United States Patent and Trademark Office, and he performed re-examinations for his clients, which included independent inventors and companies in the high-technology, biotechnology, medical device, and financial firm/service spaces. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. USV is also a backer of Scroll, an online ad-blocking startup acquired last week by Twitter Inc., a social media giant that plans to integrate the readership platform into its subscription-based services. Abraham, a former associate at Wachtell, Lipton, Rosen & Katz, joins Coinbase after four years at Mountain View, Calif.-based Kitty Hawk, which is backed by Alphabet Inc. co-founder Larry Page. He was most recently acting director of the U.S. Securities and Exchange Commissions (SEC) Division of Trading and Markets. Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more [11][12][13][14], On July 9, 2020, it was announced that Grewal would replace Brian Brooks as chief legal officer at Coinbase, a cryptocurrency exchange. Coinbase landed Valerie-Leila Jaber, a former managing director for financial crime compliance at Credit Suisse AG, in June as global head of anti-money laundering. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. [16] Grewal defended the layoffs, arguing that it needed to be done to "ensure we stay healthy during this economic downturn. Chicago-based Katherine Minarik, who most recently served as general counsel of the Americas for Dyson, will be Coinbases deputy general counsel of Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Coinbase has embraced regulation from day one and will continue to do so as it works to bring the promise of crypto to people around the world., Public records show that Coinbase paid $20,000 to Steptoe & Johnson during the first quarter of this year for the law firm to lobby on various issues regarding the taxation of digital assets., To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com, To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.comRebekah Mintzer at rmintzer@bloomberglaw.com. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. WebAverage Coinbase Associate General Counsel yearly pay in the United States is approximately $343,095, which is 195% above the national average. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Coinbases new hires mark the latest batch of legal recruits by the newly public company, which was founded in San Francisco but as part of its decentralized corporate structure now has no official headquarters. Armstrong Teasdale corporate services partner Thor Mathison in St. Louis also came aboard as an associate general counsel. As Nillions only in-house lawyer at the moment, Lindsay Danas Cohen plans to build the legal team very deliberately, she stated Tuesday in an email. Coinbase Inc., a fast-growing cryptocurrency exchange eyeing a potential initial public offering, has made another high-profile legal recruit. Fenwick has served as primary outside counsel to Coinbase for many years, representing the company in more than 15 transactions, including its Nasdaq direct listing, strategic acquisitions of Bison Trails, Earn.com, Tagomi and skew, its $100 million Series D and $300 million Series E financings and more than 70 investments by Coinbase Ventures. WebJoin team who receives, tracks, investigates, prepares evidentiary presentations, attempts to settle, and, where necessary, litigates litigation and regulatory matters brought against Coinbase. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever general counsel. As Coinbase continues to be the bridge between the cryptoeconomy and the traditional financial system, implementing industry-leading compliance programs will be critical to earning and maintaining the trust of our retail and institutional customers, Grewal said. Copyright 2023 ALM Global, LLC. The startup's new top lawyer, Lindsay Danas Cohen, served as an associate GC at Coinbase and, earlier in her career, helped build Bloomberg Law. Don't miss the crucial news and insights you need to make informed legal decisions. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. Contact Us| Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! WebAfter working at Fannie Mae, Brooks was Chief Legal Officer of Coinbase from 2018 to 2020. Lee, a former federal prosecutor who spent part of last year in a cybersecurity counsel role at the Commerce Department before joining the Biden-Harris presidential campaign, joined Coinbase in April as an associate general counsel. Latham & Watkins is representing financial advisers on Coinbases direct listing. Coinbase Global Inc., the largest U.S. cryptocurrency exchange that expects to go public in April, has brought on veteran Morgan Stanley lawyer Ian Rooney as its new head of enterprise compliance. Coinbase advertising its initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. Centre manages USD Coin, an essential part of Coinbase's trading system. Chintan Amin, NASABA, Former NASABA President Paul Grewal Appointed Federal Magistrate Judge. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Coinbase associate general counsel for regulatory Hailey Lennon also left the company in October to join the law firm Anderson Kill as a partner specializing in USV and fellow venture capital firm Andreessen Horowitz were among those registered to trade stock in the direct listing by Coinbase, whose successful stock market debut created USVs most profitable investment exit, while also disclosing the pay of Coinbases own top in-house lawyer. Contact Us| Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever general counsel. Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists. Coinbase disclosed McCullaghs hire along with its addition of deputy general counsel for litigation Katherine Minarik, who recently came aboard after serving as Americas legal chief at Dyson Ltd. The crypto consortium Centre has hired Rebecca Cohen as general counsel. Upon graduation from law school, Grewal served as a judicial law clerk for Sam H. Bell of the United States District Court for the Northern District of Ohio. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Coinbase Global Inc., the largest U.S. cryptocurrency exchange that expects to go public in April, has brought on veteran Morgan Stanley lawyer Ian Rooney as its new The latest batch of legal hires, confirmed by Coinbase spokesman Elliott Suthers, comes a month after the company added a new compliance chief and a half-dozen other lawyers, including associate general counsel Lindsay Danas Cohen and product counsel Alexander Zozos and Kenneth Hwang. Facebook deputy general counsel Paul Grewal is joining Coinbase. I appreciated very early on that Coinbase had some of the most challenging and industry-impacting issues of any company in crypto anywhere on the planet, said Paul Grewal, the crypto exchange's chief lawyer. Union Square Ventures LLC, which scored big with an investment in newly public cryptocurrency This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. She spent the past five years at Stripe Inc., where she was global head of financial crimes at the online payment processor, which has been busy hiring in-house lawyers in recent months. Coinbase, which tapped Fenwick & West to advise on the direct listing that took the company public in April, has recently recruited lawyers from the Biden-Harris transition team, bank holding company Capital One Financial Corp., digital asset trading platform OKCoin USA Inc., and retail giant Walmart Inc. [10] He joined Facebook in June 2016. Sonia Siddiqui, a lawyer and manager of privacy and cybersecurity at accounting firm Grant Thornton LLP, joined that month as privacy lead. Learn more about a Bloomberg Law subscription. [1][2][3] Grewal then earned a Juris Doctor from the University of Chicago in 1996. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Coinbase touted McCullaghs previous experience working with product, engineering, and business teams behind disruptive technologies like artificial intelligence, Google Maps, and Google Search. [3] In 2010, Grewal was named as a "Best Lawyer Under 40" by the National Asian Pacific American Bar Association (NAPABA). Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Nillion has hired Lindsay Danas Cohen as GC. WebPaul Singh Grewal is an American attorney working as chief legal officer at Coinbase. Learn more about a Bloomberg Law subscription. Grewal, McCullagh, and Minarik are part of at least a dozen lawyers added by Coinbase so far in 2020, following another legal hiring binge last year. Our Team Account subscription service is for legal teams of four or more attorneys. Prior to that date Coinbases customers were unable tobuy, Cash were, in general, able to engage in Bitcoin Cash Jeff John Roberts, Fortune:Tech, Federal Judge Quits to Join Facebook. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. "[17] According to the 2022 Proxy Statement, Grewal beneficially owns 767,759 Class A Common Stock.[18]. Lee A. Schneider is General Counsel at Block.one, one of the worlds largest blockchain companies and creator of the EOSIO blockchain protocol. Strait joins Coinbase as it prepares to go public. The company said in recent securities filings that it expects to incur more than $2.7 million in legal fees and expenses in going public. Company co-founder and CEO Brian Armstrong could reap a $3 billion windfall from the listing. After his clerkship with Judge Gajarsa, Grewal joined the law firm of Day Casebeer Madrid & Batchelder (Howrey), where he became a partner and served on the firm's management committee, and where his practice focused on intellectual property litigation and patent litigation, with an emphasis on federal patent trials in district courts across the country and appellate work at a variety of federal appellate courts, including the Federal Circuit. The company saw some lawyers and its former compliance chief depart last fall in the aftermath of a mandate barring political activism in the companys workplace. ), Coinbase Backer Wilson Parlays Fantasy Bet Into $4.6 Billion, Coinbases Whipsaw Debut Takes It Past $100 Billion, Then Back, While Coinbase Savors Listing, Bitcoin Die-Hards Voice Disdain, Coinbase Hits $100 Billion Then Slips in Landmark Crypto Listing, Coinbase Sails Toward $100 Billion Valuation on Crypto Frenzy, Former Wachtell associate Samson Mesele joined USV last month, Venture capital firm recently had $4.6 billion stake in Coinbase. Your article was successfully shared with the contacts you provided. He also confirmed the recent hires of head of intellectual property Ariana Woods and two associate general counsel, Xiaolin Miranda Ma and Youli Lee. Cohen most recently was general counsel at Mark43, a public safety platform. Coinbase, now the largest U.S. cryptocurrency exchange, saw its valuation soar past $100 billion following a direct listing in April on the Nasdaq. Janice Payne, head of supervisory affairs at CLS Group Holdings AG, a financial institution that serves the foreign exchange market, was hired by Coinbase in August as director of regulatory compliance. To view this content, please continue to their sites. Buying Legal Council Taps New Leadership as Founder Steps Back, Five Actions CLOs Can Take to Drive Successful Change Management in 2023, Inside Track: Determining when to Allow Executive Stock Sales is Getting Trickier, Data Privacy and Website Accessibility: Class Action Trends to Watch in 2023, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. P.C. [8], On May 12, 2016, it was reported that Grewal would leave the bench in June 2016 to join Facebook as their vice president and deputy general counsel. https://www.law.com/corpcounsel/2021/05/10/how-coinbases-legal-team-expanded-at-crypto-speed-navigated-public-debut/. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. Signage is displayed at the front desk of the Coinbase Inc. office in San Francisco on Dec. 1, 2017. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Buying Legal Council Taps New Leadership as Founder Steps Back, In First-of-Kind Case, DOJ Alleges Chairman Filed Trading Plans to Pull Off Vast Insider Trading Scheme, After Trial by Fire, Robinhood Legal Chief Knows Keys to Getting Along With SEC, Continuing Health Care Privacy Crackdown, FTC Fines BetterHelp $7.8 Million, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. WebPaul Grewal has served as our Chief Legal Officer & Secretary since August 2020. The company has also sought to bring on lawyers with regulatory ties, picking up chief of staff and counsel for trust and risk Hermine Wong in February after she served as special counsel in the Securities and Exchange Commissions offices of structured disclosure and chief counsel. Other recent recruits include Carly Nuzbach Lowery, a former senior legal counsel at Uber Technologies Inc. in London, where she joined Coinbase this month as an associate general counsel. Site Map, Advertise| Paul Singh Grewal is an American attorney working as chief legal officer at Coinbase. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Bloomberg News reported last month that Coinbases direct listing saw USVs stake in the San Francisco-based cryptocurrency exchange hit a whopping $4.6 billion as Coinbases stock price climbed as high as $429.54 in the post-listing period. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Coinbase serves around 56 million verified users, 8,000 institutions and 134,000 ecosystem partners in over 100 countries. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. Hwang, another ex-Davis Polk associate, spent the past eight years at Google LLC, most recently as senior counsel in San Francisco. Life moves pretty fast, as Ferris Bueller famously said, but the rapid pace of life at Coinbase, much like the crypto world in general, is on a different level. Don't miss the crucial news and insights you need to make informed legal decisions.