Coinbase Hires Fannie Mae Executive as Chief Legal Officer

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.

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