No Business with Anti-Crypto Lawyers | Airdrop Alert Pro

Coinbase CEO Brian Armstrong announced that the company will cut ties with law firms that hire lawyers with anti-crypto stances. He was particularly critical of Milbank LLP’s hiring of former SEC enforcement chief Gurbir Grewal, calling it “a mess.” But why is this so important for cryptocurrencies? Let’s take a closer look.

Grewal’s record: Tensions with cryptocurrencies

Gurbir Grewal is not popular in the crypto world. During his tenure at the SEC, he led more than 100 enforcement actions against major cryptocurrency companies. Like Coinbase, other cryptocurrency exchanges such as Binance, Kraken and Gemini have been troubled by his actions. This is not a new problem for cryptocurrency companies. The SEC sometimes takes legal action behind their backs. They want exchanges to follow the rules without making them.

Coinbase Boycott

Despite the tense atmosphere, Grewal defended his actions, saying the SEC was not trying to target cryptocurrencies and was simply enforcing the law. But many in the crypto world don’t buy it. They argue that the rules are unclear and that the SEC’s position helps no one. so, Coin Library Decided to fight back. The company even took the U.S. Securities and Exchange Commission to court to demand clearer rules for digital assets. They were represented in this contest by Eugene Scalia of Gibson Dunn & Crutcher.

Meanwhile, Coinbase Chief Legal Officer Paul Grewal took to social media to clarify one thing: Any law firm that hires a lawyer like Grewal will lose Coinbase’s business. This is a bold move, and it’s clear that Coinbase won’t back down from this fight.