The New York Stock Exchange, Coinbase is looking for a leader with strong political judgment to handle the exchange’s interactions with the United States government in Washington, D.C.
Coinbase is searching for a new employee to help handle the exchange’s tense relationship with government officials.
The cryptocurrency exchange based in the United States is looking to expand its legal and compliance staff. The organization is looking to hire more than 350 new employees, with 24 positions available in the legal and compliance department.
More specifically, Coinbase is looking for a new manager who will be in charge of overseeing relations with lawmakers in the United States.
Coinbase expects its new U.S. policy communications manager, who would oversee Coinbase’s media relations and strategic presence in critical policy debates, to have “excellent political judgment.”
In addition to a strong network in Washington, D.C. Coinbase expects its new U.S. policy communications manager, who would oversee Coinbase’s media relations and strategic presence in critical policy debates, to have “excellent political judgment.”
Coinbase, which is apparently at clashes with the United States Securities and Exchange Commission over its automated lending program, may find it necessary to improve communication with policymakers immediately.
CEO Brian Armstrong stated on Twitter that the Securities and Exchange Commission has threatened to sue the exchange over Coinbase Lend.
According to reports, the SEC regarded the Lend program to be a security since it planned to pay 4 percent annual yield returns on deposits of the USD Coin (USDC) stablecoin. Two weeks later, the business stated that the yield program will be scrapped altogether.
Armstrong then expressed his dissatisfaction with the fact that other cryptocurrency organizations on the market are now offering comparable financing services, stating:
“They refuse to tell us why they think it’s a security, and instead subpoena a bunch of records from us (we comply), demand testimony from our employees (we comply), and then tell us they will be suing us if we proceed to launch, with zero explanation as to why.”
