Coinbase to Boycott Law Firms Hiring Former SEC Crypto Enforcers

In a notable move within the legal and cryptocurrency communities, Coinbase, a major cryptocurrency exchange, has declared that it will not engage the services of law firms employing former U.S. Securities and Exchange Commission (SEC) attorneys involved in crypto enforcement actions. Specifically, Coinbase has pointed to Milbank LLP due to its recent hiring of Gurbir Grewal, the ex-SEC enforcement director known for leading crypto-related litigations.