Brian Armstrong, CEO of Coinbase, criticized law firms hiring former officials from the Biden administration who implemented strict regulations in the cryptocurrency market. Armstrong announced that Coinbase would sever ties with any legal partners hiring such individuals.

His remarks followed the transition of Gurbir S. Grewal to Milbank's litigation and arbitration group. Grewal, former director of the SEC's enforcement division, played a significant role in actions against crypto firms, including Coinbase.

Grewal oversaw numerous enforcement actions during his tenure at the SEC, earning a reputation as a person pursuing crypto companies. Armstrong stated that law firms hiring individuals associated with these enforcement actions demonstrate a disregard for the issues facing the crypto industry. He emphasized that Coinbase would not support firms that 'line the pockets of those who worked to harm crypto.'$XRP $DOT $UNI #2024Crypto #2024withBinance