Paul Grewal has announced that he will step down as Coinbase’s chief legal officer on July 31, handing over leadership of the exchange’s legal team just days before the US Senate is expected to resume work on the CLARITY Act.…
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Base User Growth Story Shows Coinbase Smart Wallets Are Really About Distribution
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The post Coinbase Legal Chief Grewal to Exit July 31 Ahead of Bitcoin CLARITY Act Vote appeared on BitcoinEthereumNews.com.
Crypto News Coinbase chief legal officer Paul Grewal will step down on July 31, moving into an advisory role after leading the exchange’s legal team since 2020. Grewal confirmed the transition in posts on X and LinkedIn, framing his six-year tenure — which spanned the industry’s defining courtroom fights — as the achievement he is proudest of. The timing is pointed: his exit lands just days before the US Senate is expected to resume work on the CLARITY Act, the market-structure bill Coinbase has lobbied for aggressively. Grewal said he would remain a Coinbase ally and continue serving on the board of Coinbase National Trust Company after the handover is complete at month-end. The departure triggers a broader reshuffle at the top of Coinbase’s legal organization. Molly Abraham, a vice president of legal who joined the exchange in March 2021, will become general cou
The post Base TVL Above $2 Billion Shows Coinbase’s Layer-2 Is No Longer A Side Bet appeared on BitcoinEthereumNews.com.
Base TVL Above $2 Billion Shows Coinbase’s Layer-2 Is No Longer A Side Bet
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U.S. Senator Ron Wyden urged Senate leaders to preserve legal protections for non-custodial blockchain developers in the Digital Asset Market Clarity Act, drawing crypto policy support while leaving his final vote on the bill uncertain. Why Is Wyden Pushing to Preserve Developer Protections? U.S. Senator Ron Wyden (D-OR) sent a letter on July 8 to […]
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Key Takeaways U.S. Senator Ron Wyden urged Senate leaders to preserve protections for non-custodial blockchain developers in the CLARITY Act. Crypto policy advocates praised Wyden’s stance as a defense of software publication and open internet principles. Alex Thorn said backing developer protections does not necessarily indicate Wyden will support the broader CLARITY Act. Why Is Wyden Pushing to Preserve Developer Protections? U.S. Senator Ron Wyden (D-OR) sent a letter on July 8 to Senate Majority Leader John Thune (R-SD) and Senate Minority Leader Chuck Schumer (D-NY) urging them to retain Section 604 of the Digital Asset Market Clarity Act, in any version of the legislation brought to the Senate floor. The provision was approved by the Senate Banking, Housing, and Urban Affairs Committee. Wyden wrote: “I write to urge you to ensure that any version of the Digit
Coinbase’s smart wallet rollout is not only a wallet story. It is a Base distribution story. If Coinbase can make wallet creation feel closer to a normal internet login than a crypto ceremony, it has a much better chance
The post Paul Grewal exits Coinbase legal helm before crucial CLARITY vote appeared on BitcoinEthereumNews.com.
Paul Grewal has announced that he will step down as Coinbase’s chief legal officer on July 31, handing over leadership of the exchange’s legal team just days before the US Senate is expected to resume work on the CLARITY Act. Summary Paul Grewal will leave his role as Coinbase chief legal officer on July 31 and become an adviser. Molly Abraham will become general counsel as Congress prepares to revisit the CLARITY Act. Coinbase continues pushing for crypto market structure legislation after its SEC lawsuit was dismissed. According to posts Grewal published on X and LinkedIn, he will move into an advisory role at Coinbase after serving as the company’s chief legal officer since 2020. The announcement also confirmed that legal vice presidents Molly Abraham and Ryan VanGrack will take on expanded responsibilities, with Abraham becoming general counsel and VanGrack serving as vic
Base crossing $2 billion in total value locked is a milestone that changes the way the network should be discussed. This is no longer just Coinbase’s experimental layer-2. It is a meaningful DeFi venue with enough liquid
