With a second Donald Trump administration and friendlier crypto regulations on the horizon, many crypto investors and personalities have drawn their lines. Brian Armstrong, Coinbase CEO, said it’s time to work only with companies and personalities with the same commitment to crypto and the blockchain.
In a Twitter/X post on December 3rd, Armstrong shared that if their partner law firms decided to hire or work with individuals who committed “bad deeds” in the past administration, Coinbase would cease to be a client.
We’ve let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer be a client of theirs.
Senior partners at these law firms seem unaware of the crypto industry’s position on this.… https://t.co/k8R6NtfTV1 pic.twitter.com/RT0k408i9f
— Brian Armstrong (@brian_armstrong) December 3, 2024
Armstrong Directs Comment To Milbank
Armstrong’s latest social media post is in response to Milbank’s decision to hire Gurbir S. Grewal, the current Division and Enforcement Director of the Securities and Exchange Commission (SEC).
Milbank is a top international law firm that handles complex and high-profile cases and maintains 12 offices in New York and Washington, D.C. Armstrong stated that the company will no longer work with the top law firm. According to Armstrong, Grewal tried to end the country’s crypto industry by not publishing clear laws.
