MoonPay Appoints Former Coinbase Executive Mike Lempres to Its Board Amid Increased Regulatory Scrutiny
Crypto startup MoonPay has announced the appointment of Mike Lempres, a former executive from Coinbase and Andreessen Horowitz (a16z), to its board of directors.
On November 30, MoonPay announced that Mike Lempres will be joining the company’s board of directors to provide expertise about their product offerings and the industry’s regulatory landscape.
Mike Lempres previously served as the Chief Policy Officer at Coinbase and later joined Andreessen Horowitz (a16z) as an executive in residence for over two years. However, he is currently still a board member for Coinbase, Bitstamp, and Silvergate Bank.
Lempres brings a wealth of experience in corporate governance, capital raises, and executive functions, having served on the boards of prominent companies such as Bitstamp, Revolut US (as chair), and Coinbase.
Lempres, known for his contributions to both public and private companies, also has a background in the public sector, having held senior positions across three presidential administrations and serving as the Mayor of Atherton, California.
As Chief Legal & Compliance Officer for Coinbase, Lempres played a significant role in the exchange’s IPO and growth. His expertise is expected to be valuable for MoonPay as the company navigates evolving product offerings and the regulatory landscape.
MoonPay, founded in 2018, offers a range of crypto products and services, including an investment app, payment infrastructure, and an NFT platform. The company was valued at $3.4 billion in late 2021 after a Series A funding round that raised $555 million, led by Tiger Global Management and Coatue.
Besides Lempres, MoonPay’s other current board members include Soto-Wright, Max Crown, the company’s chief finance and operating officer, and
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