Senior Goldman Sachs lobbyists have joined Coinbase as the new Chief Policy Officer, strengthening crypto exchange connectivity in Washington as US regulators have expressed concern about loose rules in the crypto sector.
Faryar Shirzad will start at Coinbase next month after working for Goldman, who was co-head of government affairs, for 15 years.
“As Chief Policy Officer, Faryar works with parliamentarians, regulators and other policy experts to maximize the potential of crypto to promote a more equitable financial system, along with job creation, GDP growth and innovation. “Masu,” Coinbase said in a statement on Monday.
According to the company, this position is a new role for Coinbase.
The adoption of Shirzad happens at a subtle moment for Coinbase. last month, The company has completed its listing on Nasdaq With the debut of the stock market, valued at around $ 75 billion, as the prices of Bitcoin and other cryptocurrencies soar. At that time, this list was seen as a milestone for digital currency and industry validation.
However, Coinbase’s share price has fallen about one-third since then. Cryptographic prices have fallen Signs that China is preparing to crack down on digital tokens and the constant beating of risk warnings from other regulators around the world.
For example, Gary Gensler, the new chairman of the US Securities and Exchange Commission, said earlier this month: The crypto market is a “market that can benefit from increased investor protection”..
Coinbase said in a prospectus on the list that regulatory uncertainty surrounding cryptocurrencies is a major risk factor.
“We are exposed to a widespread and highly evolving regulatory environment, and unfavorable changes or failure to comply with laws and regulations can adversely affect our brand, reputation, business, performance and financial position. There is. “
Prior to joining Goldman Sachs, Silzad played a number of roles at George W. Bush White House, including Deputy National Security Adviser for International Economic Affairs.
A Goldman spokesman refused to comment on Silzad’s move.
Goldman Lobbyist Joins Cryptographic Exchange Coinbase
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