Coinbase, the San Franciso headquartered US’s largest crypto exchange has announced the appointment of Brian Brooks to its legal team as Chief Legal Officer. Brooks will be taking over the position from Mike Lempres who was leading all the legal affairs of the company.
Addition of Brooks to legal is a part of Coinbase effort to keep up with all the emerging legal challenges and government affairs. Mike Lempres will now focus on improving the company’s government affair programme. The programme includes Coinbase as a founding member of the Blockchain association based in Washington DC and managing the Coinbase Political Action Committee.
Brian has a extensive experience and knowledge of all challenges in the legal space and prior to joining Coinbase, he was serving as Executive Vice President, General Counsel and Corporate Secretary of Fannie Mae, US’s largest financial institution. Brooks has also worked at OneWest Bank, N.A which he helped to sell to CIT Group and has also worked at O’Melveny & Myers LLP.
Brian Armstrong, the Co-founder and CEO of Coinbase said on the appointment of Brooks:
“In recent years, the industry expanded faster than we could have imagined with an explosion in customer demand and entrepreneurial activity pushing the capabilities of the ecosystem forward.”
“As this trend continues, it is more important than ever that we contribute to a public policy and regulatory environment that fosters innovation while protecting investors.”
The announcement of appointing Brian Brooks comes a day after it appointed Michael Li to the ranks of Vice President of Data. Li is a LinkedIn veteran where was the Head of Analytics and Data Science.