Coinbase CEO Brian Armstrong has announced that the company will sever ties with law firms that hire lawyers with an anti-crypto stance. Armstrong specifically criticized Milbank LLP for hiring Gurbir Grewal, a former SEC enforcement director, stating that it was a mistake. Grewal has led numerous enforcement actions against major crypto companies, including Coinbase, Binance, Kraken, and Gemini, causing tension within the crypto community. Coinbase has taken the SEC to court in an effort to demand clearer rules for digital assets, and their Chief Legal Officer, Paul Grewal, warned that any law firm hiring lawyers like Gurbir Grewal would lose Coinbase's business. Legal experts suggest that this move by Coinbase could have significant financial implications for law firms partnering with controversial figures, and with the possibility of a leadership change at the SEC, the tough stance on crypto regulation may also change, impacting the approach of both crypto businesses and law firms.



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