Coinbase, a leading cryptocurrency exchange operator, is losing one of its top executives, Michael Lempres, who has been recently named chief policy officer of the company. The crypto professional will join US venture capital giant Andreessen Horowitz, Bloomberg reported on Wednesday.

Lempres was Coinbase’s chief legal and risk officer for nearly two years, but in October was transferred to the position of head of policy affairs as Brian Brooks, ex-Fannie Mae executive, took responsibility for legal issues. Anonymous sources familiar with the events told Bloomberg that Lempres decided to leave the company because Brooks assumed the control of most of his daily duties including policy efforts with US lawmakers and regulators. As per Lempres’

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