The leading cryptocurrency trading hub has named Scott Bauguess as the newest member of its policy team. The American spent 11 years as a top executive at the US Securities and Exchange Commission (SEC).
Another veteran on board
Coinbase continues to expand its management unit by hiring funder Scott Bauguess as vice president of global regulatory policy. As such, it will coordinate the interaction of the exchange with the control organisms.
Bauguess has experience with regulators since spending more than ten years at the US Securities and Exchange Commission, most recently serving as Deputy Chief Economist. Additionally, he is the Director of Financial Market Regulation at the University of Texas McCombs School of Business.
The American shared the news on his Twitter account. He promised to engage with watchdogs and create a “safe, efficient and effective regulatory regime for digital assets.”
GM! It’s my first day as vice president 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 want to do the same, join me: https://t.co/T9fexoZ0Hb
—Scott Bauguess (@SWBauguess) February 14, 2022
Late last month, Coinbase welcomed Tobias “Tobi” Lütke to its board of directors. The platform’s CEO, Brian Armstrong, described him as a “tremendous entrepreneur” who also believes deeply in “the power of cryptocurrencies.” Lütke, 41, is famous for founding the e-commerce giant Shopify.
Coinbase Super Bowl Raids
A few days ago, the US-based digital asset exchange promoted its services during the huge Super Bowl sporting event. The company’s ad consisted of a colorful, bouncing QR code that, when scanned, directed viewers to the company’s promotional website.
Additionally, the trading venue offered $15 worth of free bitcoins to anyone who signed up by February 15 and pledged to distribute a $3 million giveaway to existing customers.
Marketing initiatives increased platform traffic to levels unexpected for the company. As a result, Coinbase experienced an outage, but the team fixed it fairly quickly.
After drawing millions of Super Bowl visitors to its website, the organization saw its shares rise 3% on Monday. At the time, its shares were trading at around $200. Currently, they are around $195.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive) – Use this link to sign up to receive $100 free and 10% off Binance Futures first month fees (terms).
PrimeXBT Special Offer: Use this link to sign up and enter the code POTATO50 to receive up to $7,000 on your deposits.
This post Coinbase Hires Former SEC Official as VP of Global Regulatory Policy
was published first on https://cryptopotato.com/coinbase-hires-former-sec-official-as-vp-of-global-regulatory-policy/