Winklevoss Twins Hire GC for Crypto Currency Venture
Gemini Trust, a company founded by Cameron and Tyler Winklevoss of "The Social Network" fame, has a new top lawyer.
September 27, 2018 at 02:35 PM
3 minute read
A cryptocurrency company founded by the Winklevoss twins announced on Thursday that a seasoned in-house lawyer who helped lead Square through its IPO in 2015 will become general counsel beginning in October.
Gemini Trust Co. named Sydney Schaub, most recently GC of online clothing rental service Rent the Runway, as its new legal leader. Her role will include focusing on new jurisdiction expansion, new product initiatives and building the in-house legal team. She will report directly to Cameron Winklevoss, the president of the company.
The company's legal function was formerly led by David Brill, who served as general counsel in 2016 and left the same year, according to his LinkedIn profile. The company has been without a GC for two years.
“I am thrilled to be joining the team at Gemini to help build the future of money and contribute to Gemini's industry-leading efforts to make digital assets broadly accessible in safe and secure way,” Schaub said.
The New York-based company's CEO, Tyler Winklevoss, said in a statement that Schaub brings a wealth of experience with her to the job.
“Sydney brings tremendous experience working with industry-disrupting, high-growth startups to her role as general counsel for Gemini,” he said. “Sydney's reputation as a trusted adviser to business, product and engineering teams precedes her, and that, along with her proven ability of successfully navigating complex deals and strategic partnerships, will prove invaluable to Gemini as our organization continues to expand.”
Schaub has spent her entire career in-house. After graduating from Harvard Law School in 2007, she took a job as associate corporate counsel for Google. She then went to work for Square as associate GC and in 2017 she became the general counsel and corporate secretary of Rent the Runway.
Earlier this month, the New York Department of Financial Services approved the Gemini Dollar. According to the New York Law Journal, the Gemini dollar is set to the U.S. dollar at 1:1 and would allow users to send and receive dollars on the ethereum network using ERC20 tokens.
The company also participated in a survey issued to crypto companies by the New York state attorney general that criticized regulation of the crypto market and some companies' practices. The survey has faced some backlash from the exchanges that chose not to participate.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllGoogle Fails to Secure Long-Term Stay of Order Requiring It to Open App Store to Rivals
'Am I Spending Time in the Right Place?' SPX Technologies CLO Cherée Johnson on Living and Leading With Intent
9 minute read'It Was the Next Graduation': How an In-House Lawyer Became a Serial Entrepreneur
9 minute readRenee Meisel, GC of UnitedLex, on Understanding and Growing the Business
6 minute readTrending Stories
- 1Gibson Dunn Sued By Crypto Client After Lateral Hire Causes Conflict of Interest
- 2Trump's Solicitor General Expected to 'Flip' Prelogar's Positions at Supreme Court
- 3Pharmacy Lawyers See Promise in NY Regulator's Curbs on PBM Industry
- 4Outgoing USPTO Director Kathi Vidal: ‘We All Want the Country to Be in a Better Place’
- 5Supreme Court Will Review Constitutionality Of FCC's Universal Service Fund
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250