Coindesk Logo

Coinbase Hires Fannie Mae Executive as Chief Legal Officer

Coinbase Hires Fannie Mae Executive as Chief Legal Officer

Coinbase Hires Fannie Mae Executive as Chief Legal Officer

Coinbase has hired former Fannie Mae executive Brian Brooks as its new chief legal officer.

Coinbase has hired former Fannie Mae executive Brian Brooks as its new chief legal officer.

Coinbase has hired former Fannie Mae executive Brian Brooks as its new chief legal officer.

AccessTimeIconSep 19, 2018, 8:45 PM
Updated Aug 18, 2021, 9:53 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Crypto exchange Coinbase has hired a new chief legal officer in its ongoing push to grow its leadership team.

Brian Brooks, a former executive vice president, general counsel and corporate secretary at Fannie Mae, will now serve as the top attorney at the exchange, where he will help interact with regulators and oversee other issues. At Fannie Mae, he led a team of 200 individuals and has experience dealing in the financial services space in particular.

Coinbase hopes to take advantage of Brooks' experience in the legal and regulatory field, CEO Brian Armstrong said in a statement, adding:

"His arrival is part of our effort to expand our legal, compliance and government affairs capabilities as we head into this next chapter for the company and the cryptocurrency industry as a whole."

Coinbase's previous chief legal and risk officer, Mike Lempres, will now focus on the company's government relations, especially participation in the Blockchain Association where Coinbase is a founding member, and managing the Political Action Committee that the exchange founded this summer.

Brooks is coming aboard as a part of the exchange's wave of new hires.

Over the last 10 months, the exchange has hired vice presidents for finance, communications and engineering, along with chief financial and compliance officers. On Tuesday, CoinDesk reported that LinkedIn's head of analytics and data science Michael Li will start a new job at Coinbase as vice president of data.

Also, the exchange recently announced it would hire more than 100 new employees over the next year for its recently-opened New York office.

Coinbase app image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.