Paul Grewal, who has served as chief legal officer at Coinbase for the past six years, will step down later this month. However, he will remain associated with the cryptocurrency exchange as an advisor.
“I will be an ally to Coinbase,” Grewal wrote in a LinkedIn post.
But he did not reveal his next step. It is also still unclear whether it will be inside or outside cryptocurrencies.
It is also unclear who will replace him in the top legal role at the publicly listed cryptocurrency exchange.
Judiciary, Facebook, then cryptocurrencies
Grewal joined Coinbase in September 2020. Another notable role he held during his 26-year career was deputy general counsel of Facebook, a position he left to join the cryptocurrency exchange.
Another highlight of his career was his tenure as a U.S. Magistrate Judge in California for approximately six years. He previously confirmed that he first heard about cryptocurrencies while he was a judge.
(#FeaturedLinks#)
Grewal’s exit comes at a time when Coinbase is aggressively expanding globally. Recently Obtained a UK licence To provide investment services, allowing cryptocurrency exchanges to expand beyond digital assets and offer traditional financial products in the country.
The exchange is also seeking approval from the US regulatory body To offer symbolic shares. Tokenized shares are digital tokens that represent shares in a company. Investors will not hold the shares directly but will own tokens associated with them.
This article was written by Arnab Shomi at www.financemagnates.com.
Source link
