Bitcoin exchange Coinbase hires former Goldman Sachs director, a big step for crypto

Coinbase, the major US cryptocurrency exchange, has hired former Goldman Sachs director Faryar Shirzad as its chief policy officer. Shirzad will start working as head policy officer at Coinbase at the end of June, the bitcoin (BTC) exchange announced on May 24:

Shirzad has had an impressive career: he spent the past 15 years at the large American investment bank Goldman Sachs, where he was co-head of the government affairs department. He was previously a national security adviser for international economic affairs under former President Bush. He also worked for the US Department of Commerce and the US Senate Treasury Committee.

His role at Coinbase will be to “work with legislators, regulators and other policy experts” to “realize the potential of crypto and fuel a fairer financial system,” the press release said. Shirzad says the following on Twitter:

“We haven't seen a breakthrough innovation with the potential scale and impact of crypto since the internet. And like all great innovations, change brings challenges. I have spent my career with policymakers around the world to help navigate such complex issues. ”

Coinbase went public on Nasdaq last month under the ticker: COIN. The crypto exchange then opted for a direct listing instead of an initial public offering (IPO). COIN shares debuted at a price of about $ 380 and a market capitalization of nearly $ 100 billion. Since then, however, the COIN rate has dropped to $ 225 and the market capitalization is now at $ 60 billion.

Late last month, Coinbase announced it would acquire Skew, a popular crypto analysis platform.

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