With SEC fight over, Coinbase’s top legal exec Grewal moves on, and others reassigned

Coinbase Chief Legal Officer Paul Grewal will depart the exchange, though he'll continue as an adviser, he said Thursday.

Melinda 2 hours ago 2 minutes read

Stablecoin Market Cap Hits All-Time High of $318.6B, Eyes $320 Billion Milestone

With SEC fight over, Coinbase’s top legal exec Grewal moves on, and others reassigned

Coinbase Chief Legal Officer Paul Grewal will depart the exchange, though he’ll continue as an adviser, he said Thursday.

By Nikhilesh De, Jesse Hamilton

Jul 9, 2026, 8:31 p.m.

2 min read

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Paul Grewal (CoinDesk)

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Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.

Why it matters:

Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.

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