Brett Redfearn Joins Coinbase As New VP Of Product: Report

Brett Redfearn joins Coinbase as a new VP of product for capital markets, marking another strategic move as the exchange prepares to hit the public markets so let’s have a closer look at today’s Coinbase news.

Coinbase announced that it hired Brett Readfearn who previously served as Director of the Security and Exchange Commission’s trading and markets division. Now, he will work as the new VP of Product for Capital markets. This is quite the savvy hire at a critical point for Coinbase which is going to list the shares in the next week or two. The company navigated an uncertain regulatory environment back in Washington DC and across the world.

Redfearn will “be responsible for defining and driving a vision and strategy to set the global standard for capital markets, including digital asset securities and our crypto trading platform” as Chief of Product Surojit Chatterjee explained in a blog post. The veteran of JPMorgan also led more than 250 staff members at the SEC in his division including creating new rules for crypto markets. Redfearn is going to play a key role in helping the company navigate its way around the industry. Recently, we saw president Joe Biden name Gery Gensler as the new chair of the SEC who previously worked as the MIT Economics professor.

Gensler’s appointment is awaiting Senate confirmation and it is unclear for now whether he will come up with favorable policies towards crypto-like giving the green light for a bitcoin ETF. In the blog post, Chatterjee described how Coinbase’s acquisition of prime brokerage Tagomi helped to attract bigger institutional clients which is a trend that the new VP head will be tasked with expanding. Redfearn’s hiring underscored a growing net of relationships between Coinbase and federal agencies as for example, the former head legal officer Brian Brooks, occupied the role of the head of the Office of the Comptroller of the Currency.

Coinbase is not the only company that is preparing former government officials and politicians.
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Blockchain.com acquired Jim Messina and former Clinton campaign staffer Lane Kasselman. Binance hired ex-US Senator Max Baucus as an advisor. One River Asset Manager added former SEC Chair Jay Clayton as an advisor as well.