Coinbase policy director Mike Lempres left the largest US cryptocurrency company to join Andreessen Horowitz, a venture capital firm, Bloomberg reported.
As the newspaper notes, Lempres has held this position at Coinbase since September. Prior to that, he headed the company's legal department.
“Mike was the head of Coinbase on legal issues and risks in the period of its incredible growth. He played an important role in the process of building the company's legal functions related to compliance with regulatory requirements , the company said in a statement. “ We wish him all the best in the new position at Andreessen Horowitz.”
Now the policy department of Coinbase will be headed by Brian Brooks, who has so far managed the legal department of the company.
Andreessen Horowitz is one of the earliest investors in the American stock exchange operator. Back in 2013, this company led a round of financing for Series B, during which Coinbase raised $ 25 million . In October of this year, Andreessen Horowitz participated in a round of financing for the E Series, during which the American company raised $ 300 million .
It should be noted that Coinbase recently again had legal troubles – a supplemented collective action was filed against the company, which contains information about "false" statements in the listing of Bitcoin Cash and other details of possible insider trading.
The plaintiffs claim that the exchange intentionally created the conditions for Bitcoin Cash's pampas and allowed a limited number of traders to sell at the best price.
Also earlier, BlockchainJournal reported that Coinbase Vice President and General Manager Adam White left the company to join Bakkt, the upcoming launch of the cryptocurrency platform .
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