LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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. Established in 2012, Coinbase was the first major cryptocurrency company to go public and had an $85 billion opening day valuation when it debuted on Nasdaq. License our industry-leading legal content to extend your thought leadership and build your brand. Grewal earned a Bachelor of Science degree civil and environmental engineering from the Massachusetts Institute of Technology in 1993, where he was elected to Tau Beta Pi and Sigma Xi. Chicago-based Katherine Minarik, who most recently served as general counsel of the Americas for Dyson, will be Coinbases deputy general counsel of Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. Coinbase is building out its stable of in-house lawyers as the company looks to go public. Grewal, a 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.. Brooks, a proponent of transforming the future of financial services, stepped down from the federal banking regulator last month after making a last-minute rule change that unnerved Wall Street. The company said in recent securities filings that it expects to incur more than $2.7 million in legal fees and expenses in going public. Danas Cohen was previously general counsel at Orchard Platform Markets LLC, a lending data and services startup sold in 2018 to Kabbage Inc. She then spent more than two years as legal chief for Velocity Markets Inc., a digital asset startup sold this past November to San Francisco-based Securitize Inc. A trio of other in-house additions joined Abraham and Rooney at the company this month. At Coinbase, Grewal replaced Brian Brooks, who recently served as acting head of the Office of the Comptroller of the Currency. San Francisco-basedMilana McCullagh, most recently the senior director of legal at Google, was named deputy general counsel of product and commercial. [3], Grewal was a former president of the South Asian Bar of Northern California and the Northern American South Asian Bar Association. Your article was successfully shared with the contacts you provided. The company also brought on product counsel director Kenneth Hwang, associate general counsel for consumer product Lindsay Danas Cohen, associate general counsel for regulatory Meghan King, associate general counsel Samuel Brown, and corporate counsel Jolie Yang in January. 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. Customer Service| Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Coinbase serves around 56 million verified users, 8,000 institutions and 134,000 ecosystem partners in over 100 countries. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. All Rights Reserved. Coinbase Global Inc. has brought on four new in-house lawyers in addition to Faryar Shirzad, the chief policy officer whose hire the largest U.S. cryptocurrency exchange announced Monday. Christian Sabella has fifteen years of experience in the fintech industry. Work collegially and supportively with other members of Grewal noted that Straits experience at the very cutting edge of fintech innovation makes her uniquely qualified to navigate the complex web of regulations to which we not only comply with but are also helping to shape.. I appreciated very early on that Coinbase had some of the most challenging and industry-impacting issues of any company in crypto anywhere on the planet, said Paul Grewal, the crypto exchange's chief lawyer. Former Fenwick associates Douglas Sharp and Lisa Richards were hired by the company over the summer in corporate counsel roles. [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. Several former Coinbase lawyers are now in regulatory positions. Jeff John Roberts, Fortune:Tech, Federal Judge Quits to Join Facebook. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Prior to that date Coinbases customers were unable tobuy, Cash were, in general, able to engage in Bitcoin Cash 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. 16 June 2021 Christian Sabella (pictured) joins Cryptocurrency company, Coinbase as senior director and associate general counsel. Bressack at Facebook worked on the social media giants Libra cryptocurrency project, now called Diem. 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. (Corrects throughout spelling of Samson Mesele's last name. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. About Us| 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. 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. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. Both options are priced the same. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. WebCarly Nuzbach Lowery, who is based in London, most recently was associate general counsel at cryptocurrency exchange Coinbase. The hashtag relistXRP is trending again on Twitter. The latest batch of legal hires, confirmed by Coinbase spokesman Elliott Suthers, comes a month after the company added a new compliance chief and a half-dozen other lawyers, including associate general counsel Lindsay Danas Cohen and product counsel Alexander Zozos and Kenneth Hwang. [3] In 2010, Grewal was named as a "Best Lawyer Under 40" by the National Asian Pacific American Bar Association (NAPABA). 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. 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. Learn more about a Bloomberg Law subscription. The XRP community is unimpressed by Coinbases latest crypto advocacy efforts. 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. Coinbase advertising its initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. Learn more about a Bloomberg Law subscription. To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com, To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com; John Crawley at jcrawley@bloomberglaw.com. Coinbase declined to discuss individual departures. 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.comJohn Hughes in Washington at jhughes@bloombergindustry.com. He also confirmed the recent hires of head of intellectual property Ariana Woods and two associate general counsel, Xiaolin Miranda Ma and Youli Lee. All Rights Reserved. [15] On June 14, 2022, Coinbase announced that it would layoff 18% of its workforce. Deok Keun Matthew Ahn left his role as an associate general counsel at Coinbase in October to become deputy general counsel at Zumper Inc., an apartment rental startup whose legal chief is former Coinbase lawyer Aaron Hou. 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. Don't miss the crucial news and insights you need to make informed legal decisions. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. 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. To view this content, please continue to their sites. About Us| Customer Service| He was most recently acting director of the U.S. Securities and Exchange Commissions (SEC) Division of Trading and Markets. Grewal didnt respond to a request for comment. Union Square Ventures LLC, which scored big with an investment in newly public cryptocurrency exchange Coinbase Global Inc., has hired its first general counsel. April 1, 2021 General Counsel. Coinbase had already recruited several legal staffers prior to the end of Brooks tenure as legal chief nearly a year ago. The new recruits by Coinbase, which has reportedly held talks with law firms and investment banks about going public, come even as a controversial new mandate banning political activism at work has resulted in roughly 60 employees taking exit packages offered by the company. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. [7] At that time, he was only the second sitting South Asian federal magistrate judge in the United States. Other recent recruits include Carly Nuzbach Lowery, a former senior legal counsel at Uber Technologies Inc. in London, where she joined Coinbase this month as an associate general counsel. All four lawyers join Shirzad, a global co-head of government affairs at The Goldman Sachs Group Inc. hired by Coinbase to be its top in-house lobbyist. Join Corporate Counsel now! Lee, a former federal prosecutor who spent part of last year in a cybersecurity counsel role at the Commerce Department before joining the Biden-Harris presidential campaign, joined Coinbase in April as an associate general counsel. Shirzad, who started his career as an associate at Robins Kaplan and Skadden, Arps, Slate, Meagher & Flom in Washington, didnt respond to a request for comment about his decision to leave Goldman for Coinbase. After his clerkship with Judge Gajarsa, Grewal joined the law firm of Day Casebeer Madrid & Batchelder (Howrey), where he became a partner and served on the firm's management committee, and where his practice focused on intellectual property litigation and patent litigation, with an emphasis on federal patent trials in district courts across the country and appellate work at a variety of federal appellate courts, including the Federal Circuit. 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. [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. Nillion has hired Lindsay Danas Cohen as GC. WebAt Coinbase, our mission is to increase economic freedom around the world, and we couldnt do this without hiring the best people.Were a group of hard-working overachievers who are deeply focused on building the future of finance and Web3 for our users across the globe, whether theyre trading, storing, staking or using crypto. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. Oct 2019 - Present3 years 6 months. Join Corporate Counsel now! Site Map, Advertise| Coinbases current stock price was $293.45 as of Monday evening. Coinbase chief compliance officer Jeff Horowitz is leaving, although his departure is reportedly not due to the politics ban. 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. Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever general counsel. Strait joins Coinbase as it prepares to go public. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Coinbases new hires mark the latest batch of legal recruits by the newly public company, which was founded in San Francisco but as part of its decentralized corporate structure now has no official headquarters. Customer Service| Coinbase associate general counsel for regulatory Hailey Lennon also left the company in October to join the law firm Anderson Kill as a partner specializing in technology, media, and distributed systems. Join Corporate Counsel now! 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. To view this content, please continue to their sites. Law Offices of Gary Martin Hays & Associates Prior to joining us, Mr. Grewal served as Vice President & Deputy General Counsel of Meta Platforms, Inc. (formerly known as Facebook, Inc.), a social media company, from June 2016 to 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. https://www.law.com/corpcounsel/2021/05/10/how-coinbases-legal-team-expanded-at-crypto-speed-navigated-public-debut/. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companysfirst-evergeneral counsel. Law Offices of Gary Martin Hays & Associates Jade Clemons, a former attorney with Fenwicks flexible working arm, joined Coinbase in September as a commercial counsel. About Us| Learn more about a Bloomberg Law subscription. A branded coffee mug at the Coinbase Inc. office in San Francisco. Coinbase Inc., a fast-growing cryptocurrency exchange eyeing a potential initial public offering, has made another high-profile legal recruit. 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. Sonia Siddiqui, a lawyer and manager of privacy and cybersecurity at accounting firm Grant Thornton LLP, joined that month as privacy lead. "[17] According to the 2022 Proxy Statement, Grewal beneficially owns 767,759 Class A Common Stock.[18]. Bloomberg News reported last month that Coinbases direct listing saw USVs stake in the San Francisco-based cryptocurrency exchange hit a whopping $4.6 billion as Coinbases stock price climbed as high as $429.54 in the post-listing period. Previously, Grewal was vice president and deputy general counsel at Facebook , and is 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. [8], On May 12, 2016, it was reported that Grewal would leave the bench in June 2016 to join Facebook as their vice president and deputy general counsel. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Don't miss the crucial news and insights you need to make informed legal decisions. Our Team Account subscription service is for legal teams of four or more attorneys. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Grewal wrote in a Feb. 17 blog post that Strait will be responsible for Coinbases global compliance programs, including anti-money laundering initiatives and managing the companys relationships with global law enforcement agencies. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. The company also this week announced its addition of a new non-lawyer head of capital markets in Brett Redfearn. The company is now in a quiet period mandated by regulators that precedes a stock market debut. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. Contact Us| Nicholas Iovino, Judge Grewal Leaves Bench to Join Facebook. Ina Fried, Recode, U.S. Magistrate Judge Paul Grewal is leaving the bench for Facebook. Cohen most recently was general counsel at Mark43, a public safety platform. Ross Todd, The Recorder, Judge Grewal to Leave Bench for Facebook. As part of its going-public process, Coinbase disclosed some potential legal liabilities it faces from state and federal probes of its operations. USV, co-founded by partners Fred Wilson and Brad Burnham, invested $2.5 million in Coinbase back in 2013. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Coinbase, now the largest U.S. cryptocurrency exchange, saw its valuation soar past $100 billion following a direct listing in April on the Nasdaq. The crypto consortium Centre has hired Rebecca Cohen as general counsel. Your article was successfully shared with the contacts you provided. Site Map, Advertise| 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. 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? License our industry-leading legal content to extend your thought leadership and build your brand. ), Coinbase Backer Wilson Parlays Fantasy Bet Into $4.6 Billion, Coinbases Whipsaw Debut Takes It Past $100 Billion, Then Back, While Coinbase Savors Listing, Bitcoin Die-Hards Voice Disdain, Coinbase Hits $100 Billion Then Slips in Landmark Crypto Listing, Coinbase Sails Toward $100 Billion Valuation on Crypto Frenzy, Former Wachtell associate Samson Mesele joined USV last month, Venture capital firm recently had $4.6 billion stake in Coinbase. Coinbase acknowledged its latest batch of new recruits but declined to discuss them further. Shares trading in private auctions potentially value Coinbase at up to $100 billion. Hwang, another ex-Davis Polk associate, spent the past eight years at Google LLC, most recently as senior counsel in San Francisco. [10] He joined Facebook in June 2016. https://www.law.com/corpcounsel/2022/05/04/coinbase-backed-crypto-consortium-appoints-new-general-counsel/. Union Square Ventures LLC, which scored big with an investment in newly public cryptocurrency Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. The Sedona Conference, Hon. USV is also a backer of Scroll, an online ad-blocking startup acquired last week by Twitter Inc., a social media giant that plans to integrate the readership platform into its subscription-based services. Signage is displayed at the front desk of the Coinbase Inc. office in San Francisco on Dec. 1, 2017. Our Team Account subscription service is for legal teams of four or more attorneys. Law Offices of Gary Martin Hays & Associates Copyright 2023 ALM Global, LLC. On this Wikipedia the language links are at the top of the page across from the article title. 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. The company disclosed last month that when it does go public it will do so via a direct listing. 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. Copyright 2023 ALM Global, LLC. Other Coinbase lawyers have taken roles at company-supported endeavors. Chintan Amin, NASABA, Former NASABA President Paul Grewal Appointed Federal Magistrate Judge. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain-based financial services. 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. License our industry-leading legal content to extend your thought leadership and build your brand. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? 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. Join Corporate Counsel now! As is usually the case, the demand is directed at the largest crypto exchange in the United States, Coinbase. Paul S. Grewal. Grant Rabenn, who spent the past decade as a federal prosecutor in Sacramento and Fresno, Calif., was hired as an associate general counsel for Treasury Department and Justice Department matters. Lennon didnt respond to a request for comment about the circumstances surrounding her exit. Not a Bloomberg Law Subscriber?Subscribe Now. 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. 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. WebThe average salary for Associate General Counsel, Institutional at companies like COINBASE in the United States is $213,304 as of January 26, 2023, but the range typically falls between $177,424 and $249,184. The company has also sought to bring on lawyers with regulatory ties, picking up chief of staff and counsel for trust and risk Hermine Wong in February after she served as special counsel in the Securities and Exchange Commissions offices of structured disclosure and chief counsel. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. I currently manage a team of US regulatory lawyers and licensing specialists with responsibility for regulatory strategy Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 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.