Former director of trade at the US Securities and Exchange Commission (SEC) Brett Redfern has taken over as vice president of Coinbase cryptocurrency exchange for products and capital markets.
We’re proud to welcome Brett Redfearn to Coinbase as VP of Product, Capital Markets. He will drive our vision to set the global standard for crypto capital markets. Read more here: https://t.co/QHiZFIG34h
— Coinbase (@coinbase) March 30, 2021
The appointment comes ahead of Coinbase’s direct listing on the Nasdaq exchange. In anticipation of this event, the exchange faced claims from the regulator and paid a $ 6.5 million fine.
Redfern will be “responsible for shaping and implementing a strategy to create a global standard for cryptocurrency capital markets, including digital asset-backed securities and a trading platform.”
According to the WSJ, the top manager’s area of responsibility also includes foreign exchange operations, brokerage and custody services.
At the SEC, Redfern led a department of 250 employees and developed the rules for the cryptocurrency markets. Prior to that, he worked for JPMorgan Bank for 13 years.
Former SEC chief Jay Clayton has joined the regulatory advisory board for hedge fund One River Asset Management.
Binance previously hired two ex-leaders of the Financial Action Group against Money Laundering as compliance and regulatory advisors.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
