Cryptocurrency exchange giant, Coinbase has announced its appointment of a new legal officer for the firm. This was made known through a blog post on the exchange’s website on September 19, 2018.
The Need For A Public Policy and A Regulatory Environment
Brian Armstrong noted in a blog post as he introduced the new legal officer of Coinbase to the world as the exchange has continuously seen considerable growth over the past seven years of its existence.
During these seven years, Armstrong stated that the exchange had been a leading advocate of cryptocurrency adoption. The advocacy includes a proactive engagement of regulations as well as building products and services that aid people to buy, sell and use cryptocurrencies in the world.
Also, the considerable growth that the cryptocurrency market has seen has led to an explosion in the volume of customer demands and entrepreneurial activity that further the capacity of the ecosystem forward.
Armstrong notes that the extensive growth and the explosive market has created a mandatory need at the moment to create public policy and a regulatory environment that foster innovations while protecting the investors.
Coinbase New Legal Officer
Brian Armstrong stated that he is delighted to introduce Brian Brook, the new chief legal officer of Coinbase. His appointment is regarded as an effort to expand its legal, compliance and government affairs capacity as the firm further expand its mode of operation.
Meanwhile, Brian Brook recently served as the executive vice president, general counsel and also as the corporate secretary of Fannie Mae, the largest financial institution in the country. While at Fannie, he also led the company’s 200 person legal department and government-related groups and was also a senior adviser to the CEO and the board of directors.
Also, before working with Fannie Mae, Brian had led the legal department at one west bank, playing a significant role in managing the bank’s senior regulatory relationship.
Before joining one west bank, Brian also garnered great experience in working with O’Melveny and Myers LLP serving as managing partners of the 150 lawyers firm.
Brian has a well-nourished career with needed experience to work on the Coinbase project.
Mike Lempres, who previously led the legal team of Coinbase, is now appointed to focus on the company’s government affairs program. Armstrong thanked Mike for his leadership, and he also welcomes Brian to the Coinbase team.