USA’s largest cryptocurrency exchange Coinbasethe United States Securities and Exchange Commission (SEC) as a senior public policy manager.
The SEC official in question, Thaya Knight, was until recently an advisor to SEC commissioner Elad Roisman. Roisman announced on Friday that he had stopped working with the SEC just two years before his term expires.
SEC Official Announces Joining Coinbase Team on LinkedIn
SEC official Thaya Knight, who is in the lead role of the latest development, said in his farewell text shared on LinkedIn: “Friday was the last day I worked for the SEC. I am delighted to be joining the Coinbase public policy team this week. I look forward to doing great and exciting work with this incredible team!”
Last year, Coinbase’s public policy focused on establishing a supervisory infrastructure focused solely on cryptocurrencies. Cryptocurrency This step of the stock market came as the US Congress focused on the oversight of cryptocurrencies from both the legislative and executive branch. As Bloomberg reported last week, the Biden administration plans to issue a new presidential decree focusing on digital assets. The ordinance is expected to go into effect next month, with reports from federal agencies on the risks and benefits of this step.
Last week, the Central Bank of Russia demanded a full-blown ban on cryptocurrencies. However, the fact that the Fed will take stricter measures to combat inflation caused collapses in the crypto money market.