Breaking Down Coinbase’s Ex-SEC Hire as Crypto Regulations Mount 

Cryptocurrency exchange Coinbase announced today that it hired Brett Redfearn, ex-director of SEC’s trading and markets division, to run its capital markets arm. These recent regulatory hires have been nothing new for the crypto space, as governments have continued to enforce stricter regulatory mandates on the industry. Back in February, Binance hired Max Baucus, a long-time member of the U.S. Senate, to guide the exchange through future regulatory matters. The Crypto Giant Looks to Gain Regulatory Clarity and Goodwill following $6.5m in fines Mr. Redfearn’s hire comes at a time of increased scrutiny and attention from lawmakers. Only weeks ago, Coinbase agreed to pay $6.5 million to the Commodity Futures Trading Commission (CFTC) to settle allegations that the exchange had manipulated trading prices on its GDAX trading platform between 2015 and 2018. GDAX, now known as Coinbase Pro, was accused by the CFTC of “recklessly deliver[ing] false, misleading, or inaccurate…

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