Coinbase Ends Ties With Firms Hiring Biden Administration Alumni

• Coinbase CEO Brian Armstrong has cut ties with law firm Milbank.
• Milbank hired SEC’s Enforcement Division’s Director Gurbir Grewal. 
• Armstrong asked crypto firms to not hire seniors at SEC.

Brian Armstrong, CEO of Coinbase, criticized law firms hiring former Biden administration officials who enforced stringent regulations on the crypto market. Armstrong announced that Coinbase would end relationships with any legal partners employing such individuals.

His remarks followed Gurbir S. Grewal’s move to Milbank’s Litigation and Arbitration Group. Grewal, a former SEC Enforcement Division director, played a significant role in actions against crypto firms, including Coinbase.

Grewal oversaw numerous enforcement actions during his SEC tenure, earning a reputation for targeting crypto companies. Armstrong stated that law firms hiring individuals tied to these enforcement measures show disregard for the crypto industry’s concerns. He emphasized that Coinbase will not support firms that “put money into the pockets of those who worked to harm crypto.”

Read also: Marc Andreessen and Ben Armstrong Allege Democratic Plot Against Tech and Crypto

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