Brett Redfearn, the former director of the Securities and Exchange Commission’s (SEC) division of trading and markets, is said to have left Coinbase after less than five months.
Redfearn resigned as the head of Coinbase’s capital-markets group at the end of July. According to people familiar with the situation, his departure was caused by the crypto exchange shifting its focus away from digital asset securities.
During his time at Coinbase, Redfearn was in charge of the crypto exchange’s crypto capital markets strategy, which included digital asset securities. Prior to and following its initial public offering in April, the US-based crypto exchange hired a number of people who had previously worked for the government.
Faryar Shirzad, a former member of the White House National Security Council, was named Coinbase’s chief policy officer earlier this year. Pankaj Gupta, a former Google Pay engineering lead, was hired to help the company expand its operations in India.