Coinbase Chief Legal Officer Paul Grewal steps down, remains in advisory role

<p><span style="font-weight: 400;">Coinbase Chief Legal Officer Paul Grewal is leaving his post after about six years, according to an announcement on Thursday. </span></p>

<p><span style="font-weight: 400;">Grewal is perhaps best known for serving as Coinbase’s top lawyer during its <a href="https://www.theblock.co/post/343835/coinbase-case-officially-dropped-by-sec">multi-year legal battle</a> with the Securities and Exchange Commission, which sued the crypto exchange in 2023 for allegedly operating as an unregistered broker, clearinghouse and exchange, and for helping to take the firm public in April 2021.</span></p>

<p><span style="font-weight: 400;">"After helping to take the company public, fighting the SEC and winning, moving us from Delaware to Texas, working to get GENIUS and soon <a href="https://www.theblock.co/post/396170/coinbase-clo-grewal-clarity-act-very-close">CLARITY passed into law</a>, and so much more – now is my time for new adventures," <a href="https://x.com/iampaulgrewal/status/2075312992514924642?s=46&t=0uHDZtRrE5PWiHA9DcmPMA">Grewal said</a> Thursday on X. </span></p>

<p><span style="font-weight: 400;">Grewal filed an official SEC 8-K filing on July 8 notifying the firm and the public of his <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001679788/000119312526299667/d74758d8k.htm">intention to step down</a> effective July 31, and enter a three-month advisory agreement.