Coinbase is hiring a "Head of Legal, Web3, and Labor" to spearhead the exchange's efforts in navigating the evolving legal and regulatory landscape, particularly in the emerging Web3 domain.

The role will oversee a diverse legal team and engage in critical decision-making regarding Coinbase's legal strategy.

This move underscores Coinbase's commitment to expanding its operations and optimising internal processes.

Earlier this year, Coinbase announced plans to reduce its workforce by 15% and cease certain operating units.

The exchange is currently grappling with legal challenges, including a lawsuit from the U.S. Securities and Exchange Commission (SEC) accusing Coinbase of selling unregistered securities.

This lawsuit has escalated existing tensions between the SEC and crypto firms, impacting the market and the future of digital assets.