Coinbase Adds Chevron Lawyer to Board as SEC Brawl Ramps Up (1)

Crypto exchange Coinbase Global Inc., embroiled in litigation with the US Securities and Exchange Commission, has added veteran Supreme Court lawyer Paul Clement and two others to its board of directors.

Clement is a frequent advocate before the high court, often advancing pro-business arguments, including a victory last term in Loper Bright Enterprises v. Raimondo, which could make it more difficult for the SEC to oversee the crypto industry.

The SEC sued Coinbase last year, alleging it failed to register as a securities exchange. The company has argued crypto assets don’t meet the definition of securities, but that ...