Former Facebook Counsel Joins Coinbase as General Counsel

Paul Grewal, a former U.S. Magistrate Judge in California and Assistant General Counsel for Facebook, joins the Coinbase cryptoexchange legal team.

In a July 8 announcement on Bitcoin Profit blog, the cryptoexchange said the addition of Grewal will help „pave the way for the next phase of cryptomoney awareness and adoption. The new General Counsel will also lead the legal team as Coinbase’s partner with financial services regulators, and develop and launch new products and services.

The forecasting market now competes with „Forecast“, the new Facebook app

According to Coinbase, Grewal oversaw more than 1,000 cases during his five years as a judge, and „played significant roles“ in Apple v. Samsung and Oracle v. Google, two seminal legal cases involving technology.

Going into different roles…
Coinbase’s announcement comes two months after its former chief counsel, Brian P. Brooks, left the cryptoexchange after two years. He is now the head of the Office of the U.S. Comptroller of the Currency, an office within the Treasury Department. warns of Facebook scam attempts
It is unclear whether Grewal’s appointment was influenced by a recent class action lawsuit against Coinbase „data plumber“ Plaid, filed after Brooks‘ departure. Plaintiffs claim that Plaid violated privacy and data protection by amassing and monetizing the financial transactions of millions of users.