Chia's Bram Cohen Steps Down as CEO, Focuses on Tech Side
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Chia Network's Founder, Bram Cohen, has stepped down as Chief Executive to focus more on the technology side as the project aims to go public.

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According to a press release, Gene Hoffman will replace Cohen as CEO to scale organizational infrastructure. He said:

"Bram and I have worked closely since Chia Network was founded and especially once I came on full-time in 2019."

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Hoffman reassured Chia's followers that Cohen will continue to drive "innovation in Chialisp and the primitives the chain provides." Amid the news, Chia's native altcoin XCH surged 7% to $41.4 with $260 million of market capitalization.

It is unclear though when exactly Chia plans to undergo an IPO as no timeframe for the plan has been revealed so far.

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