Coinbase Taps Scalia, Top Former Federal Enforcers in SEC Fight

Coinbase Global Inc., which pledged Thursday to “exhaust all avenues” in countering the SEC, is staffing up legally with an ex-Trump Cabinet member and two former federal enforcers.

Coinbase’s outside legal team includes former US Labor Secretary Eugene Scalia, who is a Gibson Dunn partner, and two former enforcement directors—Steven Peikin of the Securities and Exchange Commission and James McDonald of the Commodity Futures Trading Commission. Both are Sullivan & Cromwell partners.

The crypto exchange “is coming out of the gates swinging—it’s really because it has the depth of the resources that it can afford,” said Carol Goforth, a University of Arkansas law professor. “If Coinbase did not feel comfortable, it would not have been so public in its response.”

Source: Coinbase Taps Scalia, Top Former Federal Enforcers in SEC Fight