Former U.S. Attorney and Coinbase Board Member Kathryn Haun to Step Down
After seven years of dedicated service on Coinbase’s board, Kathryn Haun, a former Assistant U.S. Attorney and partner at Andreesen-Horowitz, has announced her decision to step down. Haun played a crucial role in the company’s growth and success during her tenure.
Haun’s Departure Garners Community Appreciation
Kathryn Haun’s departure from the Coinbase board has garnered admiration and respect from the crypto community. Brian Armstrong, the CEO of Coinbase, described Haun as a “force of nature” and recognized her significant contributions to the company’s journey to becoming a publicly traded entity.
- Brian Armstrong, the CEO of Coinbase, praised Haun for her regulatory counsel and strategic advice.
- Paul Grewal, Coinbase’s Chief Legal Officer, referred to Haun as an invaluable asset in the boardroom.
- Haun’s official resignation will take effect at Coinbase’s upcoming Annual Meeting of Shareholders.
KBW Raises Coinbase Price Target to $230
Investment banking firm KBW recently increased Coinbase’s price target to $230, citing the company’s unique position to leverage the long-term growth potential of the cryptocurrency economy. KBW raised its price target from $160 to $230 while maintaining a market performance rating for COIN.
Despite the positive outlook on Coinbase’s stock price, the company has been facing regulatory challenges, including a recent ruling by Judge Katherine Polk Failla allowing the SEC’s lawsuit against Coinbase to proceed.
Hot Take: Impact of Haun’s Departure and Regulatory Challenges on Coinbase
The departure of Kathryn Haun from Coinbase’s board marks a significant change for the company, as she leaves behind a legacy of expertise and guidance. This transition comes at a crucial time for Coinbase, as it navigates regulatory hurdles and strives to maintain its position in the evolving cryptocurrency landscape.
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