Coinbase head of exchange departs and plans to start new crypto project: Report

Vishal Gupta, who has been the caput of speech astatine Coinbase, is reportedly leaving his presumption aft much than 2 years astatine the United States-based cryptocurrency exchange.

According to an April 10 Bloomberg report, Gupta planned to exit Coinbase but stay successful the crypto space, suggesting helium could beryllium readying to commencement a caller task focused connected integer assets oregon blockchain. Prior to his clip astatine Coinbase, Gupta was the caput of USD Coin (USDC) for stablecoin issuer Circle arsenic good arsenic a vice president for Goldman Sachs.

Former FTX CEO Sam Bankman-Fried was 1 of the archetypal radical to congratulate Vishal Gupta connected his presumption arsenic Coinbase caput of speech successful 2020. Source: Twitter

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The caput of exchange’s reported departure came amid ineligible and regulatory scrutiny astatine Coinbase. In March, the crypto speech reported receiving a Wells notice from the U.S. Securities and Exchange Commission, hinting astatine a imaginable enforcement action. Coinbase is besides backing plaintiffs successful a lawsuit against the U.S. Treasury Department’s Office of Foreign Asset Control for its determination to authorisation the Tornado Cash mixer.

At the clip of publication, neither Gupta’s LinkedIn leafage nor his Twitter illustration showed immoderate alteration successful his employment astatine Coinbase. Cointelegraph besides reached retired to Coinbase regarding Gupta, but did not person a response.

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