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- Coinbase has recently hired an experienced policymaker who will now engage with senators, regulators, and other policy experts
- Faryar Shirzad has a great experience in terms of engaging with the government
- The exchange aims to help the government embrace the cryptos and realize their full potential
Coinbase is one of the leading cryptocurrency exchanges based in the United States. Moreover, the exchange is the first crypto startup that went public. According to an official blog post published by Coinbase, Faryar Shirzad has been appointed as its new chief policy officer. In the current scenario, Brian Armstrong, the chief executive officer of Coinbase, is putting his efforts to help answer the concerns of the United States senators. And now Shirzad is expected to help the CEO as the US crypto industry comes under increased scrutiny for the recent administration.
Why is Coinbase seeking policy makers globally?
In the current scenario, where the cryptosphere is facing regulatory scrutiny, Coinbase is trying to clarify the government’s concerns. Armstrong has recently tweeted regarding how he went to Washington to help clarify the concerns of senators. Hence, for the situation, the exchange is seeking collaborations with policymakers around the world.
According to the exchange, it is necessary to unlock the full potential of the cryptosphere. And the exposure will also help as a competitive advantage for Coinbase’s business.
How will Faryar Shirzad help the crypto exchange?
Faryar Shirzad has 15 years of experience as Goldman Sachs’ co-head of government affairs. Moreover, Shirzad had also worked as a White House deputy national security adviser at the time of the George W. Bush administration. And before the White House, he also was the assistant secretary for the important administration at the United States Department of Commerce. Hence, now he will be looking to leverage his past experience to help the exchange. However, according to the announcement, Faryar will join the exchange at the end of June and report to Paul Grewal, Chief Legal Officer of Coinbase.
Why is Brian Armstrong helping US senators?
Being one of the leading cryptocurrency exchanges globally, Coinbase has a large user base. And most of the users of the exchange are based in the United States. Following the scenario, the exchange was committed to helping the government embrace the nascent technology and offer more regulatory clarity to the crypto industry. And now, the latest profile will be engaging with the senators, regulators, and other experts to make them realize the full potential of the technology.
