Coinbase's Chief Legal Officer Steps Down Amid Industry Expansion Plans

Coinbase's Chief Legal Officer Paul Grewal is stepping down after six years at the US crypto giant. He will be replaced by Molly Abraham, who becomes general counsel, and Ryan VanGrack, who takes on the role of vice chair and head of corporate affairs.

Grewal has been instrumental in shaping Coinbase's Washington campaign to secure industry-friendly policies. During his tenure, he led the company through a landmark suit brought by the US Securities and Exchange Commission, which was dismissed last year. The case was seen as existential for Coinbase and the broader crypto industry.

Coinbase is looking to expand beyond crypto, including into stock trading, prediction markets, and artificial intelligence-powered investment tools. VanGrack will represent the company in a broader corporate and public-facing role, focusing on unlocking products, expanding jurisdictions, and enhancing relationships with governments and partners worldwide.