• Paul Grewal joins Coinbase
    Cryptocurrencies,  Regulation

    Paul Grewal poached from Facebook to become Coinbase’s chief legal officer

    He replaces Brian Brooks, who left Coinbase four months ago to join the Office for the Comptroller of the Currency; Grewal may presiding over a Coinbase IPO

    In a July 8 blog post announcing the hire, Grewal was described as a top executive who has “repeatedly encountered some of the largest and most complicated legal issues in tech.”

  • Bitcoin is not a new type of money
    Cryptocurrencies,  United States

    NY Fed: Bitcoin is not a new type of money. Crypto: Get the tar and feathers!

    “Ignorance” and “incompetence” were two of the more polite replies after a blog post by the New York Federal Reserve Bank last week argued “Bitcoin is not a new type of money”

    When the Federal Reserve Bank of New York published a blog post with the headline “Bitcoin Is Not a New Type of Money,” the authors may have hoped their thought-provoking piece would inspire genteel, reasoned debate. But probably not.

  • Coinbase Brian Armstrong Brian Brooks
    People,  Regulation,  United States

    Coinbase loses chief legal officer to U.S. Treasury

    Brian Brooks is leaving the cryptocurrency exchange to become COO of the Office of the Comptroller of the Currency, which regulates and oversees banks in the U.S.

    Coinbase Chief Legal Officer Brian Brooks has been appointed chief operating officer of the Office of the Comptroller of the Currency, the Treasury Department announced on March 16. Brooks will also serve as first deputy comptroller of the OCC, which charters, regulates, and supervises banks and savings associations in the United States.

  • Mike Lempres
    Innovators,  People,  Politics,  XRP

    Brooks in, Lempres out: Political infighting creates divisions at Coinbase

    Exclusion of No. 2 XRP spotlights growing pains as exchange speeds toward IPO

    WASHINGTON—For the last year or so, people who follow digital currency have been wondering why Coinbase, the largest American digital currency exchange, doesn’t list the XRP token.  And now that XRP has cemented its place as the world’s No. 2 digital currency, its absence on Coinbase is even more eyebrow-raising. With the departure of a key executive, gossip has begun to swirl, with at least one Coinbase insider speculating that the omission is based on crypto politics more than business. The crypto world has begun to wonder if the reason for XRP’s omission has been driven by personal politics rather than business prudence. Let’s review a bit. For almost all…