2024

United

COIN

<p>Kathryn Haun, formerly the assistant attorney general of the United States and a partner at Andreessen-Horowitz, has said that she will be resigning from the position on Coinbase’s board. Haun has been on the board of Coinbase for the last seven years and has significantly contributed to the company’s asset and advantage-building journey.</p>
<h2 class="wp-block-heading" id="haun-s-contributions-to-coinbase">Haun’s contributions to Coinbase</h2>
<p>On the X blog, Haun wrote that she strongly believed Coinbase would endure the transitioning crypto market and enjoy continuous progress inexpensively.</p>
<p>Nevertheless, she acknowledged the rapid growth of the crypto sector and mentioned that she decided to allocate more time to her company, an investment fund firm. Haun’s exit has gained admiration and a high appraisal from the community. Brian Armstrong, the CEO at Coinbase, <a href="https://twitter.com/brian_armstrong/status/1781527748621844810" rel="noopener noreferrer nofollow" target="_blank">honored</a> Haun as she “got the vision” and was a great turner, making iron stakes that held the company to become a public institution.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Katie took a chance on us when we were a little known crypto exchange, back when very few people believed in the technology, and I'll always be grateful for that. She’s been our longest serving independent director – was our first audit/risk chair, was on our comp committee, and… <a href="https://t.co/AtZGpwaYf3" rel="noopener noreferrer nofollow" target="_blank">https://t.co/AtZGpwaYf3</a></p>— Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1781527748621844810?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">April 20, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Brian said that he is thrilled with her experienced legal advice from Haun, a former DOJ prosecutor, especially her debates on regulatory strategy and when to file a suit for violation, which, seeing these come into action multiple times, is quite important.</p>
<p>Thus, her departure would be effective at Coinbase’s Annual Meeting of Shareholders, which will be held later in the summer. The board is considering replacing two members, which would reduce the total to seven, supported by Haun’s resignation.</p>
<h2 class="wp-block-heading" id="coinbase-regulatory-challenges">Coinbase regulatory challenges</h2>
<p>The transition will face the elimination of one of the two women on the board of directors, which, again, is not only the lack of diversity and representation in the cryptocurrency industry but also the symptoms.</p>
<p>Just a few days ago, Investment Banking firm KBW acknowledged that Coinbase offered a great chance to pick out a meaningful portion of the investment that would then get a chance to grow and prosper in the crypto asset ecosystem. KBW increased its price target for COIN to $230.</p>
<p>In a research analysis, the KBW increased Coinbase’s target price from $160 to $230, despite the stock’s strong market performance. However, Coinbase has not escaped the multi-faceted challenges imposed by the regulatory environment, either.</p>
<p>Last month, Judge Katherine Polk Failla from the US District Court of the Southern District of New York concluded that the SEC can go ahead with the legal action against <a href="https://www.cryptopolitan.com/coinbase-challenge-sec-investment-contract/" rel="noopener noreferrer nofollow">Coinbase</a>.</p>
<p>The judge concluded considering Coinbase’s motion for dismissal, which led to the secretary of the SEC’s allegations that the exchange operates as an unregistered exchange, broker, and clearing agency. In her judgment, the judge concluded that the bases of the litigation brought forth by the SEC were “plausible”.</p>

Kathryn Haun to resign from Coinbase board

Table of Contents

Cryptopolitan_News

Other articles published on Apr 21, 2024

Nakamoto Games Unveils Global Expansion Plans Amid Crypto Market Recovery

The Last Time This Happened, Ripple’s XRP Spiked 650x, Indicator Suggests We Could See a Repeat

Book of Games ($BOGA): Next-Level Blockchain Gaming on Solana

Bitcoin Generates 24 Time More Fees Compared to Ethereum

ARK Invest makes bullish moves pre-BTC halving, adds $40m worth of in-house spot Bitcoin ETFs

Assessing the Premature Celebration of the AI Economy

Join our free newsletter for daily crypto updates!