The American exchange Coinbase, against the background of tightening the policy of regulators, is strengthening the administrative link with the former chief economist of the US Securities and Exchange Commission.
Cryptocurrency exchange Coinbase continues to pursue a policy of improving relations with regulators. The next step of the company was the invitation of former employee of the US Securities and Exchange Commission (SEC) Scott Bauguess (Scott Bauguess) to the post of vice president of global regulatory policy. His responsibilities will include establishing cooperation with US regulators.
Scott Bougess wrote about his appointment on the social network Twitter. At the same time, the new vice president of Coinbase hinted that he was assembling a team to interact with regulators:
“This is my first day as VP of Global Regulatory Policy at Coinbase. I can’t wait to start engaging with regulators around the world to promote a safe, efficient and effective regulatory regime for digital assets. If you would like to do the same, please join me. Help me build the future of money.”
This choice of Coinbase makes sense – Bougess has experience working with regulators, having spent more than a decade with the SEC, most recently as Deputy Chief Economist. In addition, he is director of financial market regulation at the McCombs School of Business at the University of Texas.
In parallel with the strengthening of policy aimed at interacting with regulators, Coinbase is trying to strengthen its lobby in the government. To do this, the exchange forms a whole pool of candidates for the elections to the US Congress. In 2021, Illinois Democratic Representative Marie Newman announced her acquisition of more than $200,000 in GBTC and COIN stock.
