As recently reported by Bloomberg, the head of policy at Coinbase, Michael Lempres is leaving the company for a position at a venture capital firm.
He was promoted back in September when Brian Brooks took over his post as a chief legal and risk officer, a role that Lempres served as for over a year.
According to a recent Coinbase statement for Bloomberg News, Mike Lempres, the company’s recently promoted chief policy is leaving the digital trading platform team to embark on a new job at Andreessen Horowitz — one of the exchange’s early investors. There is no information on who is going to take over Lempres’ duties as head of policy as regulatory demand is skyrocketing.
The Silicon Valley-based VC firm was founded in 2009 by Marc Andreessen and Ben Horowitz and has made numerous investments in major tech and blockchain companies. Some of the more noteworthy names found among the organization’s portfolio include Airbnb, Twitter, Facebook, Medium, Stack Exchange, Ripple, Skype, Imgur, Zynga, and Groupon, among others.