Coinbase has managed to stay relevant with several upgrades and announcements. The exchange garnered increased traction after the platform decided to go public. Now the cryptocurrency exchange was once again making headlines after it bagged a former member of the White House as its chief policy officer.
As governments across the globe continue to impose stringent crypto laws, exchanges have been recruiting veterans of prominent banks or the government itself for better guidance. Coinbase revealed that it was on the same path with its latest announcement.
After serving as a member of the National Security Council of the White House, Faryar Shirzad joined Goldman Sachs as the global co-head of government affairs. With the completion of about 15 years, Shirzad was bidding adieu to Goldman Sachs as he took over the role of the chief policy officer at Coinbase.
Coinbase welcomes Faryar Shirzad
In a recent blog post, Coinbase announced its latest chief policy officer. Shirzad seemed to be trying his hand at crypto with his latest title. With Shirzad’s experience, the crypto exchanges hope to garner aid in navigating the ever-changing regulatory environment across the globe.
While the crypto industry continues to grow, governments have been taking an interest in it. As some have been looking forward to acquiring profits through the crypto-verse, a few others have been outrightly imposing bans. The regulatory environment, particularly in the US has been uncertain and stringent.
Furthermore, in the blog post, the exchange revealed that it hopes to embrace crypto in the country with Shirzad. The post read,
“[..] as millions of our customers are based in the U.S., we’re committed to helping the U.S. embrace the exciting use cases of our new industry by providing more regulatory clarity to the industry. As Chief Policy Officer, Faryar will engage with lawmakers, regulators and other policy experts to realize crypto’s full potential to fuel a more equitable financial system along with job creation, GDP growth, and innovation.”