Coinbase CEO Brian Armstrong has publicly stated his decision not to engage with law firms that hire former SEC staff exhibiting anti-crypto sentiments. This announcement follows news that Gurbir S. Grewal, a former SEC Enforcement Director, has joined the law firm Milbank. Armstrong's decision reflects his stance against perceived regulatory hostility toward cryptocurrency platforms.
The move signifies Armstrong's commitment to working only with entities that share Coinbase's vision of a more open and supportive regulatory environment for cryptocurrencies. He believes that engaging with firms employing individuals with a history of enforcing regulations aggressively against the realm of digital assets could be counterproductive.
Coinbase, one of the largest cryptocurrency exchanges, often interacts with regulatory bodies and legal firms. Armstrong's announcement highlights his proactive approach in aligning partnerships that support the crypto industry's growth and innovation.
Source: www.theblockcrypto.com ↗
