Coinbase Chief Policy Officer Calls It Quits, Is Crypto at Risk of Losing Talents?

The chief policy officer at leading crypto brokerage and exchange platform Coinbase has left his position for one at U.S. venture capital firm Andreessen Horowitz. Is Michael Lempres’s move indicative of a wider pilgrimage of talent from the digital asset industry in the wake of the 2018 bear market? Will More Crypto Talent Follow Lempres’s Lead? According to an article in Bloomberg, Lempres, has decided to leave the position he started in September of this year. He will instead take up a role with one of Coinbase’s earliest investors, Andreessen…

Ex-Fidelity Exec Joins Blockchain Company Bloq as Chief Operating Officer

A former executive at financial services giant Fidelity Investments has been appointed Chief Operating Officer (COO) at blockchain infrastructure firm Bloq, according to a press release Oct. 23. Bloq’s new COO, Hadley Stern, spent seventeen years at Fidelity, which administers over $7.2 trillion in client assets. His most recent role was at the helm of the crypto and blockchain incubator within the company’s innovation lab, Fidelity Labs – overseeing the launch last week of its new crypto-business, Fidelity Digital Assets. Bloq’s co-founder and chairman Matthew Roszak characterized the new appointment…

Coinbase Hires Former Fannie Mae Exec as New Chief Legal Officer

Cryptocurrency exchange Coinbase has hired on former Fannie Mae General Counsel Brian Brooks as their new Chief Legal Officer, according to an announcement published September 19. At Coinbase, Brooks will be responsible for legal, compliance, and government affairs. Prior to Coinbase, Brooks served as Executive Vice President, General Counsel and Corporate Secretary of the U.S. Federal National Mortgage Association (FNMA), commonly known as Fannie Mae. The association purchases qualifying mortgages from lenders, which it then bundles in bonds and sells to investors. In 2017, Fannie Mae reportedly provided $570 billion…

Former Pershing Exec Jeff Horowitz Joins Coinbase as Chief Compliance Officer

Major U.S. cryptocurrency wallet and exchange Coinbase announced in a July 31 blog post that ex-Pershing exec Jeff Horowitz will join the company as its Chief Compliance Officer. Horowitz previously worked as the managing director and global head of compliance at Pershing LLC — a BNY Mellon Company — as well as leading a variety of compliance and anti-money laundering (AML) programs at Citigroup, Goldman Sachs, and Salomon Brothers, and serving as a banking regulator with the Federal Deposit Insurance Corporation (FDIC). According to Coinbase COO and President Asiff Hirji,…

Tether Appoints BMO Anti-Money Laundering Manager as Chief Compliance Officer

Cryptocurrency startup Tether Limited has appointed a former AML Quality Control Manager at the Bank of Montreal (BMO) to lead the company’s regulatory compliance efforts, according to an announcement published July 12. The company behind cryptocurrency Tether (USDT) has hired Leonardo Real as Chief Compliance Officer. Real was previously responsible for establishing practices, policies, and procedures in accordance with regulatory requirements to improve the quality of Canadian BMO’s anti-money laundering (AML) investigations. Additionally, Real has experience dealing in stocks and futures trading. Real commented on the new appointment: “I look…

Winklevoss’ Gemini Exchange Recruits NYSE Chief Information Officer

Cryptocurrency exchange Gemini Trust Company, LLC (Gemini) has announced that former Chief Information Officer of the New York Stock Exchange (NYSE) Robert Cornish has joined the company, according to a press release published July 6. Cornish will join Gemini, which was founded by the Winklevoss brothers, as its first-ever Chief Technology Officer. Cornish has previously held various senior positions at the International Securities Exchange, and was named by Institutional Investor as a “Trading Technology Top 40” Financial Services executive. At Gemini, Cornish will be responsible for leading technology initiatives and…

Bitfinex’s Chief Strategy Officer Leaves Crypto Exchange

Phil Potter, chief strategy officer for cryptocurrency exchange Bitfinex, has reportedly left the company. Reuters reported Friday that Potter, who is also a director of the ‘stablecoin’ issuing company Tether, will be temporarily replaced by Jan Ludovicus van der Velde, Bitfinex’s CEO. Following the publication of this article, a representative for Bitfinex provided CoinDesk with a statement from Potter. He said: “As Bitfinex pivots away from the U.S., I felt that, as a U.S. person, it was time for me to rethink my position as a member of the executive…