RATE Group | Cryptocurrency exchange Coinbase hires chief legal officer from Fannie Mae
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Cryptocurrency exchange Coinbase hires chief legal officer from Fannie Mae

20 Sep Cryptocurrency exchange Coinbase hires chief legal officer from Fannie Mae

Posted at 01:39h in Cryptocurrency News by

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NEW YORK (Reuters) – Coinbase has hired finance executive Brian Brooks as chief legal officer, it said on Wednesday, as the cryptocurrency exchange grows its compliance and government affairs capabilities amid intensifying regulatory scrutiny of the nascent market.

Brooks was most recently executive vice president, general counsel and corporate secretary of Fannie Mae, the U.S. mortgage finance company. In that role he led the company’s legal department and government relations group, and was a senior advisor to the CEO and board of directors, said Coinbase, one of the largest cryptocurrency exchanges based in the United States.

“His arrival is part of our effort to expand our legal, compliance and government affairs capabilities as we head into this next chapter for the company and the cryptocurrency industry as a whole,” Coinbase CEO Brian Armstrong said in a blogpost.

Mike Lempres, who was previously chief legal and risk officer at Coinbase, will now focus on growing the…

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