Coinbase hires a former White House strategist for a new policy role.

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With growth brings a stronger emphasis on policy and regulatory matters. Coinbase’s new recruit has decades of expertise in both the public and private sectors.

Coinbase, a cryptocurrency exchange based in the United States, has appointed Faryar Shirzad to the role of chief policy officer, indicating the company’s continued dedication to meeting the evolving regulatory environment regulating digital assets.

In joining Coinbase, Shirzad left a 15-year position as global co-head of the office of government affairs at Goldman Sachs, where he “played a leading role in managing the firm’s government relations and public policy strategy,” the exchange said in a Monday blog post.

In describing the role of the new chief policy officer, Coinabse said:

“[…] Faryar will engage with lawmakers, regulators and other policy experts to realize crypto’s full potential to fuel a more equitable financial system along with job creation, GDP growth, and innovation.”

Shirzad served as a director of the White House National Security Council and as a national security advisor for International Economic Affairs before joining Goldman Sachs. He previously consulted with the US Department of Commerce and was the Senate Committee on Finance’s foreign trade counsel.

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Coinbase made waves in April as it became the first cryptocurrency exchange in the United States to sell openly. Analysts characterised Coinbase’s public listing as a “watershed” moment for the industry, as mass acceptance of digital assets grew.

Coinbase, as previously announced by Cointelegraph, intends to raise $1.25 billion in debt in a planned private offering for institutional investors. The deal, in the form of convertible senior notes due in 2026, is only applicable to investors who control at least $100 million in securities issued by other firms, as specified by Rule 144 of the United States Securities Act.

 

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