Coinbase Welcomes Former SEC Exec to Run Capital Markets
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30 March
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Cryptocurrency exchange Coinbase has hired Brett Redfearn, who served at the US Securities and Exchange Commission (SEC) as Director of the Division of Trading and Markets, as its VP of Products and Capital Markets.

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Surojit Chatterjee, Coinbase's CPO, said that Redfearn will directly report to him on defining and driving a vision and strategy to set the global standard for crypto capital markets.

Coinbase Welcomes Former SEC Exec to Run Capital Markets
blog.coinbase.com

Prior to the SEC, Redfearn spent over 10 years at JP Morgan as Global Head of Market Structure, Algorithmic Trading, and Liquidity Products. Redfearn says he wants to help build a market ecosystem that creates "new efficiencies and democratizes the investment process while being 100% compliant with our securities laws."

Redfearn's appointment comes after Coinbase's Co-Founder and CEO, Brian Armstrong, admitted the exchange might list central bank digital currencies (CBDCs) in the future. In a video for an ask-me-anything session on Reddit about the platform's future IPO on the NASDAQ, Armstrong said CBDCs could be listed on the platform in the future if they meet all the exchange's standards.

Coinbase Will Further Hodl Crypto on Its Balance Sheet

iHodl earlier reported that former head of the SEC, Jay Clayton, joined One River Asset Management as an advisor on cryptocurrency initiatives. One River Asset Management, whose crypto-focused funds are backed by hedge fund Alan Howard, also hired Kevin Hassett and Jonathan Orszag as advisors.

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