Chevron Case Winning Lawyer Paul Clement, Chris Lehane, and Christa Davies have joined Coinbase’s board of directors. This strategic move comes at a time when Coinbase is in the process of enhancing its legal and strategic standing in light of the existing legal challenges in the cryptocurrency market.
Chevron Case-Winning Lawyer Joins Coinbase Board
The lawyer who recently brought victory to the Supreme Court by overturning the Chevron doctrine, Paul Clement, has been recently joined the board of directors at Coinbase, the largest cryptocurrency exchange in the U.S.
Clement’s legal background, particularly his knowledge of regulation and Supreme Court, will be crucial as Coinbase has to deal with several lawsuits from the Securities and Exchange Commission.
In June, the Supreme Court overruled in the Chevron v. National Resources Defense Council case from 1984, which had allowed agencies to issue broad regulation. This ruling, as Clement argued, prevents agencies such as the SEC from making administrative changes without the approval of Congress, stating that the previous practice of deferring to agencies was unsustainable.
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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery.
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