Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever general counsel. Coinbase, now the largest U.S. cryptocurrency exchange, saw its valuation soar past $100 billion following a direct listing in April on the Nasdaq. Amy Luo, senior counsel for global business development and stablecoins, wrote on her LinkedIn profile last month that she had become general counsel for the Centre Consortium, a group backed by Coinbase and cryptocurrency company Circle Internet Financial Ltd., the latter of which hired a new general counsel in September. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. Terms of Service. Cohen has15 years of experience representing traditional financial institutions in cross-border restructuring, financing and litigation matters, as well as experience withemerging growth technology companies. Coinbase chief compliance officer Jeff Horowitz is leaving, although his departure is reportedly not due to the politics ban. Christian Sabella has fifteen years of experience in the fintech industry. He was most recently acting director of the U.S. Securities and Exchange Commissions (SEC) Division of Trading and Markets. General Counsel and In House Counsel Phillip Bantz In the nine months that Paul Grewal has held the title of chief legal officer at Coinbase Global Inc., the legal Not a Bloomberg Law Subscriber?Subscribe Now. Terms of Service. Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! About Us| Albertus Horsting, a fellow Yale Law School graduate who spent nearly the past three years as a corporate associate at Wachtell in New York, joined Abdiel Capital Advisors LP in March as the hedge funds general counsel. https://www.law.com/corpcounsel/2021/05/10/how-coinbases-legal-team-expanded-at-crypto-speed-navigated-public-debut/. [16] Grewal defended the layoffs, arguing that it needed to be done to "ensure we stay healthy during this economic downturn. Lee A. Schneider is General Counsel at Block.one, one of the worlds largest blockchain companies and creator of the EOSIO blockchain protocol. Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. Rooney, a former Davis Polk & Wardwell associate, has spent the past decade at Morgan Stanley, where he was most recently a managing director and head of global financial crimes infrastructure compliance in New York. Nicholas Iovino, Judge Grewal Leaves Bench to Join Facebook. She spent the past five years at Stripe Inc., where she was global head of financial crimes at the online payment processor, which has been busy hiring in-house lawyers in recent months. WebDirector, AGC Corporate at Coinbase San Francisco, California, United States. Access to the entire ALM network of websites, Unlimited access to the ALM suite of newsletters, Build custom alerts on any search topic of your choosing. (Corrects throughout spelling of Samson Mesele's last name. A stablecoin backed by Coinbase reached $1 billion in market capitalization in July, a month after the company was advised by Fenwick & West on its acquisition of Tagomi Holdings Inc., a cryptocurrency brokerage startup backed by Peter Thiel. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Your article was successfully shared with the contacts you provided. Both options are priced the same. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? [5] While a judge on that court, Grewal sat on the Northern District's Technology Practice and Patent Instructions and Rules Committees. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain-based financial services. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? [6], On December 1, 2010, Grewal was sworn in as a U.S. magistrate judge for the United States District Court for the Northern District of California. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! [3], Grewal was a former president of the South Asian Bar of Northern California and the Northern American South Asian Bar Association. Coinbase serves around 56 million verified users, 8,000 institutions and 134,000 ecosystem partners in over 100 countries. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. The announcement was made by Coinbasechief legal officer Paul Grewalon the social platform Twitter. That deal saw Tagomi general counsel Dhawal Sharma join Coinbase as an associate general counsel and Tagomi deputy general counsel and chief compliance officer Alan Reed come aboard as a senior manager for financial institutions. Prior to joining the SEC, Sabella served as an associate with Shearman & Sterling. Office of Chief Counsel Internal Revenue Service Memorandum Number: 202114020 Release Date: 4/9/2021 For example, the cryptocurrency exchange, Coinbase, began supporting Bitcoin Cash on December 19, 2017. Our Team Account subscription service is for legal teams of four or more attorneys. Nillion is a Web3 startup founded in 2021. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. The Sedona Conference, Hon. https://www.law.com/corpcounsel/2022/05/04/coinbase-backed-crypto-consortium-appoints-new-general-counsel/. Within the past three months alone, Coinbase has added more than a half-dozen lawyers, according to a Bloomberg Law analysis of LinkedIn profiles, state bar registries, and job listings by the company. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Eric Weingarten, a senior director and associate general counsel for product at Coinbase, left the company in January to become general counsel at San Francisco Site Map, Advertise| Paul S. Grewal. I currently manage a team of US regulatory lawyers and licensing specialists with responsibility for regulatory strategy License our industry-leading legal content to extend your thought leadership and build your brand. Chicago-basedKatherine Minarik, who most recently served as general counsel of the Americas for Dyson,will be Coinbasesdeputy general counsel of litigation. Remote work options are also available. Isabelle Young, a senior litigation counsel at Google LLC, where the former Simpson Thacher & Bartlett and Cleary Gottlieb Steen & Hamilton associate spent a dozen years at the Alphabet affiliate, was hired by Coinbase in February as a director and associate general counsel for litigation. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. We also want to echo the call that Coinbase General Counsel Paul Grewal made asking others in the financial services industry to step up with their own reports. Grewal, a Learn more about a Bloomberg Law subscription. WebAfter working at Fannie Mae, Brooks was Chief Legal Officer of Coinbase from 2018 to 2020. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Buying Legal Council Taps New Leadership as Founder Steps Back, Five Actions CLOs Can Take to Drive Successful Change Management in 2023, Inside Track: Determining when to Allow Executive Stock Sales is Getting Trickier, Data Privacy and Website Accessibility: Class Action Trends to Watch in 2023, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. WebPaul Singh Grewal is an American attorney working as chief legal officer at Coinbase. Join Corporate Counsel now! Coinbase, which tapped Fenwick & West to advise on the direct listing that took the company public in April, has recently recruited lawyers from the Biden-Harris transition team, bank holding company Capital One Financial Corp., digital asset trading platform OKCoin USA Inc., and retail giant Walmart Inc. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications, Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companysfirst-ever. We are pursuing many complex investments across our web and mobile, crypto, and climate platforms, Mesele said in a statement about his new general counsel role. Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more than a year ago to serve as its global chief compliance officer, also did not respond to messages seeking comment. Paul Singh Grewal is an American attorney working as chief legal officer at Coinbase. Facebook deputy general counsel Paul Grewal is joining Coinbase. Former legal chief Brian Brooks currently leads the Office of the Comptroller of the Currency, where he is reshaping U.S. banking laws. All Rights Reserved. A Corporate Counsel Guide to Successful Contract Lifecycle Management, ADA Demand Letter Playbook: Your Guide to Responding and Reducing Future Risk, Women, Influence & Power in Law (WIPL) 2023, The American Lawyer Industry Awards (TALIA) 2023, Women, Influence & Power in Law UK Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Terms of Service. Coinbase is building out its stable of in-house lawyers as the company looks to go public. WebJoin team who receives, tracks, investigates, prepares evidentiary presentations, attempts to settle, and, where necessary, litigates litigation and regulatory matters brought against Coinbase. [3] In 2010, Grewal was named as a "Best Lawyer Under 40" by the National Asian Pacific American Bar Association (NAPABA). USVs other investments include Casetext Inc., a legal research startup whose other backers include an unidentified large law firm and startup accelerator Y Combinator Continuity. Life moves pretty fast, as Ferris Bueller famously said, but the rapid pace of life at Coinbase, much like the crypto world in general, is on a different level. Coinbase disclosed McCullaghs hire along with its addition of deputy general counsel for litigation Katherine Minarik, who recently came aboard after serving as Americas legal chief at Dyson Ltd. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Cryptocurrency exchange Coinbase Inc. raided Facebook Inc. for one of its top in-house lawyers, hiring Paul Grewal to serve as its new chief legal officer. Join Corporate Counsel now! The Commerce Application enables users to (i) accept cryptocurrency as a payment method for goods and services; (ii) self custody digital assets; (iii) access reporting and invoicing capabilities; and (iv) additional functionality as Toshi Holdings may add to the App from time to time (collectively the Services ). Coinbase earlier this month hired Lowenstein Sandler counsel Alexander Zozos, a former special counsel in the Securities and Exchange Commissions Division of Trading and Markets, as a senior product counsel in New York. Ross Todd, The Recorder, Judge Grewal to Leave Bench for Facebook. Previously, Grewal was vice president and deputy general counsel at Facebook, and is also a former U.S. magistrate judge for the United States District Court for the Northern District of California. Several former Coinbase lawyers are now in regulatory positions. Law Offices of Gary Martin Hays & Associates OCC Permits National Banks to Enter Stablecoin Arena, Cryptocurrency Exchange Coinbase Picks Direct Listing Over IPO, Wall Street Fumes at 11th-Hour Rule From Trump Bank Watchdog (3), Bitcoin Breaks Records, and the Exchanges Where Its Traded, Coinbase Sued Over XRP Commissions After SEC Pursues Ripple, joined the San Francisco-based company last summer, transforming the future of financial services, some lawyers and its former compliance chief depart, Stripes Melissa Strait, half-dozen lawyers join Coinbase, Cryptocurrency exchange has confidentially filed to go public. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Coinbase disclosed in securities filings last month that Grewal received more than $18 million in total compensation after being hired from Facebook Inc. Coinbase has tapped Fenwick & West to advise on its direct listing. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Copyright 2023 ALM Global, LLC. Christian Sabellahas fifteen years of experience in the fintech industry. As Nillions only in-house The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Coinbase, which has said publicly it will permit its employees to work remotely even after Covid-19 lockdowns have been lifted, also added Ma as an associate general counsel this month from her role as head of legal for OKCoin USA. Site Map, Advertise| To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.comTo contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.comJohn Hughes at jhughes@bloombergindustry.com. About Us| Shares trading in private auctions potentially value Coinbase at up to $100 billion. For more information, visit the Groups website www.lcpublishinggroup.com, For more information, visit the Groups website, Real Estate, Construction & Infrastructure. Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! WebPaul Grewal has served as our Chief Legal Officer & Secretary since August 2020. April 1, 2021 General Counsel Coinbase Global Inc., the largest U.S. cryptocurrency exchange that expects to go public in April, has brought on veteran Morgan Stanley lawyer Ian Rooney as its new head of enterprise compliance, reports Brian Baxter in Bloomberg Laws Business & Practice. P.C. Coinbase advertising its initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? WebAverage Coinbase Associate General Counsel yearly pay in the United States is approximately $343,095, which is 195% above the national average. In the nine months that Paul Grewal has held the title of chief legal officer at Coinbase Global Inc., the legal department has more than doubled in size and the company has gone all-in on remote working while making history as the first major cryptocurrency firm to go public. Site Map, Advertise| In two statements posted Monday on his LinkedIn profile, Shirzad said that after 15 years at Goldman he was drawn to Coinbase by the companys potential to revolutionize financial services. At Coinbase, Grewal replaced Brian Brooks, who recently served as acting head of the Office of the Comptroller of the Currency. very deliberately, she stated Tuesday in an email. [3] In private practice, Grewal was also a registered patent attorney admitted to practice before the United States Patent and Trademark Office, and he performed re-examinations for his clients, which included independent inventors and companies in the high-technology, biotechnology, medical device, and financial firm/service spaces. To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com, To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com. Upon graduation from law school, Grewal served as a judicial law clerk for Sam H. Bell of the United States District Court for the Northern District of Ohio. Ive spent my career engaging with policymakers around the world, helping to navigate such complex issues. Eric Weingarten, a senior director and associate general counsel for product at Coinbase, left the company in January to become general counsel at San Francisco-based Truework, a venture capital-backed identity management startup that raised $30 million last year. "It's essential that the right-sized controls be put in place to mitigate risk while giving the public full access to the opportunities created by these innovations," said Rebecca Cohen, the newly appointed general counsel of Centre. The London-based Brown joined Coinbase after serving as senior legal counsel for Sloan Robinson LLP, a dissolving hedge fund, while Yang and King were associates at Davis Polk & Wardwell in New York. Learn more about a Bloomberg Law subscription. Shirzad, Coinbases new policy chief, will report to Coinbases chief legal officer and corporate secretary, Paul Grewal, hired by the company last year from Facebook Inc. Coinbase disclosed in securities filings this year that Grewal received a total compensation package valued at more than $18 million. Our Team Account subscription service is for legal teams of four or more attorneys. License our industry-leading legal content to extend your thought leadership and build your brand. P.C. Buying Legal Council Taps New Leadership as Founder Steps Back, In First-of-Kind Case, DOJ Alleges Chairman Filed Trading Plans to Pull Off Vast Insider Trading Scheme, After Trial by Fire, Robinhood Legal Chief Knows Keys to Getting Along With SEC, Continuing Health Care Privacy Crackdown, FTC Fines BetterHelp $7.8 Million, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. Don't miss the crucial news and insights you need to make informed legal decisions. USV, co-founded by partners Fred Wilson and Brad Burnham, invested $2.5 million in Coinbase back in 2013. Customer Service| [8] Grewal was also appointed by Chief Justice John Roberts to the Federal Judicial Centers Magistrate Judge Education Committee and served as a co-chair of the Federal Circuit Bar Associations Judges Committee. FTC Bags First Settlement in Probe of 'Review Hijacking' in E-Commerce, More Companies Ditching Piecemeal Approach to Managing Mushrooming Third-Party Risks, Here's How Clients Can Push Back on Law Firm Rate Hikes, Semiconductor Pioneer Adds Legal Chief With Deep Deal-Making Experience, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. [4], Grewal is the former president of the National South Asian Bar Association. A Corporate Counsel Guide to Successful Contract Lifecycle Management, ADA Demand Letter Playbook: Your Guide to Responding and Reducing Future Risk, Women, Influence & Power in Law (WIPL) 2023, The American Lawyer Industry Awards (TALIA) 2023, Women, Influence & Power in Law UK Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? Coinbase has expanded its legal department rapidly since becoming a publicly traded company in April 2021. is the international magazine, in English, that covers legal and inhouse affairs in the United States, through experiences beyond Italys borders to reach overseas destinations and all over the world. Senior Counsel, Litigation At Coinbase, our mission is to increase economic freedom around the world, and we couldn't do this without hiring the best people. Coinbase touted McCullaghs previous experience working with product, engineering, and business teams behind disruptive technologies like artificial intelligence, Google Maps, and Google Search. As is usually the case, the demand is directed at the largest crypto exchange in the United States, Coinbase. Los Angeles. Join Corporate Counsel now! Grewal, McCullagh, and Minarik are part of at least a dozen lawyers added by Coinbase so far in 2020, following another legal hiring binge last year. Prior to that date Coinbases customers were unable tobuy, Cash were, in general, able to engage in Bitcoin Cash [9] Grewal retired from the bench on June 3, 2016. Coinbase Global Inc. has announced its addition of chief compliance officer Melissa Strait, the latest in a series of legal hires by the largest U.S. cryptocurrency exchange. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Woods joins Coinbase after four years in-house at Capital One in McLean, Va., where she spent nearly the past three years as a senior director, associate general counsel, and head of IP. The San Francisco-based company also hired Molly Abraham this month as an associate general counsel for commercial. Mesele, who has been affiliated with the Leadership Council on Legal Diversity, noted that during his time at Wachtell he specialized in investment transactions and merger deals with complex structures. Janice Payne, head of supervisory affairs at CLS Group Holdings AG, a financial institution that serves the foreign exchange market, was hired by Coinbase in August as director of regulatory compliance. To view this content, please continue to their sites. [1][2][3] Grewal then earned a Juris Doctor from the University of Chicago in 1996. All Rights Reserved. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. The hashtag relistXRP is trending again on Twitter. The company for the past year has been expanding its legal staff under chief legal officer Paul Grewal, who joined the company last summer. Buying Legal Council Taps New Leadership as Founder Steps Back, After Trial by Fire, Robinhood Legal Chief Knows Keys to Getting Along With SEC, Five Actions CLOs Can Take to Drive Successful Change Management in 2023, Inside Track: Determining when to Allow Executive Stock Sales is Getting Trickier, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. A company spokeswoman confirmed those numbers, and said in a statement to Bloomberg Law that a strong and diverse legal and compliance team is also a key part of achieving our priority of Coinbase to be the most trusted.. Our Team Account subscription service is for legal teams of four or more attorneys. Our growing legal team is building out its litigation practice. Contact Us| Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Former Fenwick associates Douglas Sharp and Lisa Richards were hired by the company over the summer in corporate counsel roles. The startup's new top lawyer, Lindsay Danas Cohen, served as an associate GC at Coinbase and, earlier in her career, helped build Bloomberg Law. Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists. Law Offices of Gary Martin Hays & Associates Armstrong Teasdale corporate services partner Thor Mathison in St. Louis also came aboard as an associate general counsel. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? [3] After working at Pillsbury, Grewal then served as a judicial law clerk for Judge Arthur J. Gajarsa of the United States Court of Appeals for the Federal Circuit. "[17] According to the 2022 Proxy Statement, Grewal beneficially owns 767,759 Class A Common Stock.[18]. Chicago-based Katherine Minarik, who most recently served as general counsel of the Americas for Dyson, will be Coinbases deputy general counsel of Sonia Siddiqui, a lawyer and manager of privacy and cybersecurity at accounting firm Grant Thornton LLP, joined that month as privacy lead. Copyright 2023 ALM Global, LLC. A Corporate Counsel Guide to Successful Contract Lifecycle Management, ADA Demand Letter Playbook: Your Guide to Responding and Reducing Future Risk, Women, Influence & Power in Law (WIPL) 2023, The American Lawyer Industry Awards (TALIA) 2023, Women, Influence & Power in Law UK Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean?