Coinbase Welcomes Former SEC Official Scott Bauguess

Regulation is very important when it comes to new investment assets, such as cryptocurrencies because it gives investors regulatory clarity. 

The U.S. Securities and Exchange Commission (SEC) ex-employee announced on his Twitter account that yesterday was his first day at Coinbase. He is now the new VP for Global Regulatory Policy in the cryptocurrency exchange, as you see below:

GM! It’s my first day as VP, Global Regulatory Policy at @Coinbase. I can't wait to start engaging with regulators around the world to advance a safe, efficient, & effective regulatory regime for digital assets. If you want to do the same, come join me: https://t.co/T9fexoZ0Hb

— Scott Bauguess (@SWBauguess) February 14, 2022

In his new position, he will work with the authorities in order to have a better regulatory environment for new investors that want to enter the crypto world.

Coinbase keeps investing in its global adoption, last Sunday, Coinbase paid $14 million on a commercial ad during the Super Bowl game. 

The ad was a QR bouncing for 1 minute that gets you to a Coinbase’s webpage. The commercial got so much attention that the ad got 20 million visits in just 1 minute and crashed the website, but moments later Coinbase announced that they were back online.

About Scott Bauguess

Scott Bauguess graduated in 1992 as an Electrical Engineer from the University of Illinois Urbana-Champaign. 

His previous experience before Coinbase was working 12 years in the SEC.

He was the Deputy Director of the Division of Economic and Risk Analysis for 6 years. Before that, he worked as an Assistant Director and as a Senior Financial Economist in the SEC.

In his earlier days, he worked six years as an electrical engineer at Motorola Solutions. Then he was a Doctoral Candidate at Arizona State University for five years. 

Besides his new position at Coinbase, he is a faculty member at the University of Texas’s McCombs Business School.

It’s Not the First Time That a Former SEC Employee Joins Coinbase

Last month, Thaya Knight, the former counsel to Commissioner Elad Roisman at the SEC, joined Coinbase to work as its senior public policy manager. Knight was also the counsel of the SEC Commissioner Hester Peirce between 2018 and 2019.

Earlier this month, Brian Rocha, a former Netflix, Warner Bros, and The Walt Disney Company employee joined Coinbase as the new Head of Content Strategy. 

In September 2021, Shalin Pei, a former Facebook employee, joined Coinbase as its Senior Product Design Manager.

Considering the huge attention of Coinbase’s Super Bowl commercial, there is no doubt Coinbase will keep growing.