Coinbase Board Member Kathryn Haun to Step Down – What's Going On?
Coinbase Board Member Kathryn Haun to Step Down – What’s Going On?
Kathryn Haun, a previous Assistant U.S. Licensed skilled and partner at Andreesen-Horowitz, has launched plans to step down from Coinbase’s board.
Haun has been a board member of Coinbase for the previous seven years and has performed an fundamental role within the firm’s growth and success.
In a post on X, Haun expressed her self assurance in Coinbase’s future possibilities, declaring that the firm is well-positioned to proceed thriving within the evolving crypto panorama.
Nonetheless, she additionally acknowledged the excellent expansion of the cryptocurrency alternate and revealed her draw to focal level extra on mission investing by her firm, Haun Ventures.
“Haun Ventures is equally increasing, and this feels love the goal time for me to double-down on supporting our rising portfolio of founders and constructing a lasting mission franchise.”
Haun’s Departure Garners Community Attention
Haun’s departure has garnered recognition and appreciation from the crypto community.
Brian Armstrong, the CEO of Coinbase, lauded Haun as a “power of nature” who took an opportunity on Coinbase and performed a pivotal role within the firm’s roam to turning accurate into a publicly traded entity.
“Being a previous DOJ prosecutor, my celebrated section turned into her counsel on regulatory strategy, and when to compromise vs plod to court, which as you are going to be in a predicament to deem got here in handy,” Armstrong wrote.
Katie took an opportunity on us as soon as we had been a bit identified crypto alternate, support when very few other folks believed within the abilities, and I will consistently be gratified about that. She’s been our longest serving self reliant director – turned into our first audit/threat chair, turned into on our comp committee, and… https://t.co/AtZGpwaYf3
— Brian Armstrong (@brian_armstrong) April 20, 2024
Likewise, Paul Grewal, Chief Correct Officer at Coinbase, applauded Haun because the “last weapon within the board room that any CLO would desire.”
The resignation will formally take enact at Coinbase’s upcoming Annual Assembly of Shareholders, which is scheduled for later this summer season. The board anticipates a reduction in its total size, jumpy to seven members following Haun’s departure.
The alternate additionally marks the loss of one in every of the 2 girls currently serving as board administrators, underlining the continued want for better vary and representation within the cryptocurrency alternate.
KBW Increases Coinbase Tag Aim to $230
Earlier this month, investment banking agency KBW hailed Coinbase for offering investors a assorted opportunity to faucet into the long-term growth capacity of the crypto financial system and increased its brand aim for COIN to $230.
In a analysis analysis, KBW raised its Coinbase brand aim from $160 to $230 while affirming its market performance ranking.
Meanwhile, Coinbase has additionally faced its handsome piece of regulatory agonize.
Superb month, Narrate Katherine Polk Failla of the US District Court of the Southern District of Original York dominated that the SEC’s lawsuit in opposition to Coinbase can proceed.
The Narrate’s choice got here after Coinbase filed a circulate to push aside the SEC case, which borders on allegations the alternate operates as an unregistered securities alternate, dealer, and clearing agency.
In her ruling, Narrate Failla declared that the SEC’s lawsuit in opposition to Coinbase held “plausible” ground.
“The Court finds the SEC has sufficiently pleaded that Coinbase operates as a substitute, as a dealer, and as a clearing agency under the federal securities regulations, and by its Staking Program engages within the unregistered supply and sale of securities,” the court doc learn.
She granted a partial victory to the alternate in opposition to the regulator, however, dismissing the SEC’s claims in opposition to Coinbase’s Pockets.
Source : cryptonews.com
