Coinbase Legal

Coinbase's though stance: Lawyers are no longer winners

By Yugocean | Crypto Champion | 4 Dec 2024


     Since long due to multiple lawsuits against crypto industry, it was said that Lawyers are always winners, but Coinbase just changed this:

 

Coinbase fires Milbank

     Coinbase CEO Brian Armstrong has fired Milbank Law Firm for hiring former SEC enforcement director Gurbir Garewal. This is only an example; Armstrong has announced he will fire all such legal firms that hire any person who worked against the crypto industry.

 

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Lawyers will Pay

     After Trump's victory, the time for the "lawyers are always winners" is over. I don't remember if any crypto firm was not hunted by Biden authorities, so it is obvious that after Coinbase, others might follow suit; now the crypto industry will deal with disturbing lawyers.

 

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I support the stance

     The bombardment of lawsuits against the crypto industry by Biden administration destroyed many startups, many people had to go to jail; even cybercriminals could not cause as much damage to the crypto industry as lawyers fighting against crypto Industry did.

 

 

 



Originally published at Grill, and on Wubits as thread

 

 

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Yugocean
Yugocean

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