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Coinbase Hires Former SEC Alum to Lead Exchange's Capital Markets Legal Work
Coinbase has been on a recruiting drive, hiring from some of the world's largest companies.
Coinbase has hired a former deputy director of the U.S. Securities and Exchange Commission (SEC) to lead the exchange's legal work on capital markets.
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Christian Sabella, who departed the SEC on June 2, joins the exchange as its senior director and associate general counsel of the exchange's capital markets division.
Sabella joins Coinbase at a time when the exchange has been on a recruiting drive, hiring from some of the world's largest companies, including Goldman Sachs.
The announcement came via Coinbase's chief legal officer, Paul Grewal on Monday.
I'm delighted to welcome Christian Sabella to @coinbase! Christian was the former Acting Director of the SEC's Division of Trading and Markets during an impressive decade at the agency. He will be leading our legal work on capital markets.
— Paul Grewal (@iampaulgrewal) June 14, 2021
Before joining Coinbase, Sabella had worked for the SEC for over a decade, where he initially began as branch chief at the regulator's Office of Trading Practices, Division of Trading and Markets, per Sabella's LinkedIn page.
See also: Coinbase to Manage Crypto Investments of 401(k) Provider ForUsAll
Prior to his appointment at the SEC, Sabella held a role at Shearman & Sterling as a senior associate, where he specialized in over-the-counter derivatives and structured financing.
Sebastian Sinclair
Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.
