Summary
- Coinbase announced the suspension of its cooperation with Milbank, which employed former SEC executive Gurbir Grewal.
- Coinbase decided not to leave the SEC despite having the option, following the suspension of cooperation with Milbank.
- Coinbase emphasized that hiring individuals who oppose virtual assets could lead to losing business from virtual asset companies.
Coinbase, a virtual asset exchange, has announced the suspension of its cooperation with Milbank, which employed former SEC executive Gurbir Grewal.
On the 2nd (local time), Brian Armstrong, CEO of Coinbase, stated through X, "Recently, Roman Milbank employed Gurbir Grewal," and "As a result, we have severed our cooperative relationship with them." He further explained, "While he works there, we will not cooperate with Milbank," adding, "He had the option to leave the SEC (which attacks the virtual asset industry), but he did not choose to do so."
Furthermore, he emphasized, "The virtual asset community should not support those who attack the virtual asset industry in an unregulated state," urging, "If you hire individuals who oppose virtual assets, you may lose business from virtual asset companies."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
