The head of the office for policy Coinbase Mike Lempres left us the largest cryptocurrency company to join venture capital firm Andreessen Horowitz, according to Bloomberg.
As the newspaper notes, Lempres held this position in Coinbase in September. Prior to that, he headed the legal Department of the company.
“Mike was the head of Coinbase on legal issues and risks in a period of incredible growth. He played an important role in the process of building legal functions of the company related to compliance with regulatory requirements, says the company statement. — We wish him all the best in his new position at Andreessen Horowitz”
Now the office for policy Coinbase will be headed by Brian Brooks, which is till date headed the legal division of the company.
Andreessen Horowitz is one of the earliest investors in the American stock exchange operator. In 2013, the firm led the round of series B financing, in which Coinbase has raised $25 million In October this year, Andreessen Horowitz participated in the funding round Series E, in which the U.S. company raised $300 million.
Note that Coinbase recently re-emerged legal troubles — against the company was filed a lawsuit supplemented, which contains information about the “false” statements when listing Bitcoin Cash and other details of the likely insider trading.
The plaintiffs argue that the exchange deliberately created the conditions for the Pampa Bitcoin Cash and allowed a limited number of traders to sell at the best price.
ForkLog also previously reported that the Vice-President and CEO of Coinbase’s Adam white left the company to join the upcoming launch of cryptocurrency platform Bakkt.