A former United States magistrate judge in California and Deputy General Counsel for Facebook, Paul Grewal, is joining crypto exchange Coinbase’ legal team.
In line with a recent official announcement published on the Coinbase blog, the cryptocurrency exchange revealed that the addition of Grewal will help “pave the way for subsequent phase of cryptocurrency awareness and adoption.” The new Chief Legal Officer will also lead the legal team as Coinbase collaborates with financial services regulators, and develops and releases new products and services.
As per Coinbase, Grewal oversaw over thousand cases within his 5 years as a judge, and “played significant roles” in Apple v. Samsung and Oracle v. Google, two pivotal legal cases on technology.
Coinbase Data Plumbing Case
Coinbase’s web-blog post comes two months after its former chief legal counsel, Brian P. Brooks, left the exchange after two years. He’s now the head of the Unites States Office of the Comptroller of the Currency, a bureau within the Department of the Treasury.
It’s unclear whether Grewal’s appointment was influenced by a recent legal case filed against Coinbase’ “data plumber” Plaid, filed following Brooks’ departure. The plaintiffs allege that Plaid violated privacy and data protections by accumulating and monetizing financial transactions of several million users.