Coinbase CEO Brian Armstrong announced a bold stance against law firms hiring individuals associated with what he views as ethically questionable actions during the SEC\u2019s \u201csoon-to-be prior administration.\u201d<\/p>\n
Armstrong revealed that the crypto exchange has already informed its legal partners that employing such individuals would result in the termination of their professional relationship with the company.<\/p>\n
In a post<\/a> on X, Armstrong revealed that Coinbase severed ties with Milbank following the latter\u2019s decision to hire Gurbir Grewal, the former SEC enforcement director. The SEC had announced on October 2 that Grewal would step down, highlighting his role in recommending over 100 enforcement actions against noncompliance in the digital asset sector.<\/p>\n By October 15th, Milbank welcomed Grewal to its litigation and arbitration team, with chairman Scott Edelman commending his accomplishments as a federal prosecutor and SEC official.<\/p>\n Armstrong stated that this hiring prompted Coinbase to discontinue its relationship with the law firm. The Coinbase exec criticized senior figures within the agency for allegedly attempting to stifle the crypto sector without clear regulatory guidance, noting that some SEC staff chose to leave rather than participate in what he deems an \u201cabnormal\u201d tenure.<\/p>\n While clarifying that he opposes \u201cpermanently canceling people,\u201d Armstrong called on the crypto industry to collectively refuse to fund individuals whose past actions contributed to what he described as regulatory overreach.<\/p>\n Armstrong had previously championed pro-crypto figures in government, backing Hester Peirce to lead the SEC. This mirrors the exchange\u2019s hefty $100 million in political donations, including $40 million to Fairshake PAC. Although Armstrong refrained from directly supporting Trump\u2019s campaign, his approval of policies like D.O.G.E. highlights an openness to cooperating with the President-elect\u2019s administration.<\/p>\n Last month, CryptoPotato<\/em> reported<\/a> that Armstrong is expected to meet privately with Trump to discuss high-profile government appointments crucial to the crypto industry, such as Treasury Secretary and SEC chair. Trump\u2019s transition team reportedly arranged the meeting, reflecting the administration\u2019s pro-crypto stance.<\/p>\n The post Coinbase\u2019s Brian Armstrong Calls for Boycott of Legal Firms Employing Ex-SEC Officials<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Coinbase CEO Brian Armstrong announced a bold stance against law firms hiring individuals associated with what he views as ethically questionable actions during the SEC\u2019s \u201csoon-to-be prior administration.\u201d Armstrong revealed that the crypto exchange has already informed its legal partners that employing such individuals would result in the termination of their professional relationship with the […]<\/p>\n","protected":false},"author":0,"featured_media":25481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25480"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25480"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25481"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Coinbase CEO Aligns With Trump Team<\/h2>\n