FT reports a senior Goldman Sachs lobbyist has joined Coinbase as its new chief policy officer. The hire will bolster the cryptocurrency exchange's connections in Washington as US regulators voice concerns over lax rules in the crypto sector.
Pro-tip: Fundamentally crypto has three massive challenges - government acceptance (think regulation, control, and management), beating back "fear, uncertainty, and doubt" public affair campaigns from Big Banks, and reducing the carbon footprint from the coins' mining and hosting. Hiring a public affairs pro and top lobbyists from a blue-chip multinational is super intelligent to help overcome these challenges.
Goldman lobbyist joins crypto exchange Coinbase
