Coinbase's Top Lawyer Exits Ahead of Crucial Crypto Regulation Vote

Coinbase's legal chief, Paul Grewal, has left his position as General Counsel and will assume an advisory role at the exchange. This move comes ahead of a crucial vote on the CLARITY Act, a bill aimed at clarifying crypto regulations in the US. Grewal had been instrumental in shaping Coinbase's courtroom defense and Washington push.

Under Grewal's leadership, Coinbase became one of the most vocal exchanges in Congress, advocating for clearer market rules. The exchange tied its legal strategy to U.S. policy pressure, and Grewal's departure has raised questions about continuity during a narrow policy window.

Molly Abraham, a Coinbase legal vice president, will take over as General Counsel, while Ryan VanGrack assumes a vice chair role with oversight of corporate affairs. Grewal will remain an adviser to the company and retain his board seat at Coinbase's National Trust Company.