Coinbase Board Member Kathryn Haun to Step Down – What’s Going On?

cryptonews.com:

Kathryn Haun, a former Assistant U.S. Attorney and partner at Andreesen-Horowitz, has announced plans to step down from Coinbase’s board.

Haun has been a board member of  Coinbase  for the past seven years and has played a crucial role in the company’s growth and success.

In a  post on X , Haun expressed her confidence in Coinbase’s  future  prospects, stating that the company is well-positioned to continue thriving in the evolving crypto landscape. 

However, she also acknowledged the remarkable expansion of the cryptocurrency industry and revealed her intention to focus more on venture investing through her company, Haun Ventures. 

“Haun Ventures is similarly expanding, and this feels like the right time for me to  double-down  on supporting our growing portfolio of founders and building a lasting venture franchise.”

Haun’s departure has garnered recognition and appreciation from the crypto community. 

Brian Armstrong, the CEO of Coinbase, lauded Haun as a “force of nature” who took a chance on Coinbase and played a pivotal role in the company’s journey to becoming a publicly traded entity. 

“Being a former DOJ prosecutor, my favorite part was her counsel on regulatory strategy, and when to compromise vs go to court, which as you can imagine came in handy,” Armstrong wrote. 

Katie took a chance on us when we were a little known crypto exchange, back when very few people believed in the technology, and I'll always be grateful for that. She’s been our longest serving independent director – was our first audit/risk chair, was on our comp committee, and… https://t.co/AtZGpwaYf3

— Brian Armstrong (@brian_armstrong) April 20, 2024

Likewise, Paul Grewal, Chief Legal Officer at Coinbase, applauded Haun as the “ultimate