Coinbase Appoints Former White Home Staffer As Chief Coverage Officer

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Shirzad joins the corporate towards the backdrop of elevated regulatory scrutiny round digital currencies globally.

He served as deputy Nationwide Safety Advisor for Worldwide Financial Affairs on the White Home and was most not too long ago the worldwide co-head of presidency affairs at Goldman Sachs, the place his tenure spanned 15 years.

Beforehand, he was additionally the assistant secretary for import administration on the U.S. Division of Commerce.

Final week, Federal Reserve chief Jerome Powell mentioned cryptocurrencies pose dangers to monetary stability. The U.S. Treasury can also be backing a proposal that will require cryptocurrency transfers over $10,000 to be reported to the Inside Income Service.

Coinbase, which went public earlier this 12 months, in March named Brett Redfearn, a former director of the U.S. Securities and Trade Fee, as vp of capital markets division.

“Coinbase has by no means shied away from regulation. In reality, we’ve leaned into it over the previous 9 years…”, the corporate’s weblog submit mentioned. (https://bit.ly/3fhCqwJ)

Bitcoin, the preferred cryptocurrency, is down greater than 40% from final month’s report excessive, with a sell-off that was fueled by China’s crackdown on crypto.

(Reporting by Niket Nishant in Bengaluru; Enhancing by Shailesh Kuber)



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