Coinbase Hires Former White House Officer as Its New Chief Policy Officer

The US-based cryptocurrency exchange, Coinbase announced that it had appointed Faryar Shirzad, a former White House official, as its new Chief Policy Officer to face the ongoing regulatory environment that the crypto sphere is facing off globally.

Shirzad, born in London, served as a member of the National Security Council at the White House from March 2003 through August 2006 during George W. Bush’s administration. Further, he joins the now US-listed company after having a 15-year tenure at Goldman Sachs, where Shirzad led the firm’s government relations as the global Co-Head of the office of government affairs.

“Coinbase has never shied away from Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term. In fact, we’ve leaned into it over the past 9 years, allowing us to become a trusted platform bringing consumers and institutions alike into the crypto-economy. As a part of this commitment, we’re thrilled to welcome Faryar Shirzad as Coinbase’s new Chief Policy Officer,” Coinbase said in a blog post.

Furthermore, the company commented that policymakers’ relations around the world are “necessary to unlock the full potential” of the so-called crypto-economy. “As Chief Policy Officer, 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,” Coinbase added.

US Congress and Crypto Regulation’s Discussions

The announcement comes in the wake of the US Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission’s warning about the lack of regulation on the crypto exchanges, specifically to provide enough protection for consumers against fraud or manipulation.

Gary Gensler, the US SEC Chairman, even suggested that the United States Congress should be stricter when addressing the industry. “I think it’s only Congress that could really address it. It would be good to consider,” Gensler noted.

Recently, the crypto exchange unveiled its intentions to raise $1.25 billion in funds through private offerings available for institutional investors. Also, Coinbase announced in April its support for stablecoin Tether (USDT) through its Pro platform.