Coinbase-Backed Standards-Setting Consortium Appoints General Counsel | Corporate Counsel

Centre. a consortium founded five years ago by crypto heavyweights Coinbase and Circle Internet to set standards for blockchain-based financial services, has hired Rebecca Cohen as general counsel.

Cohen most recently was general counsel at Mark43, a public safety platform. Cohen has 15 years of experience representing traditional financial institutions in cross-border restructuring, financing and litigation matters, as well experience with emerging growth technology companies.

“Emerging financial technologies can bring about tremendous progress when they’re implemented with care. It’s essential that the right-sized controls be put in place to mitigate risk while giving the public full access to the opportunities created by these innovations,” Cohen said in a statement.

In addition to its standards-setting role, Centre manages USD Coin, a cryptocurrency pegged to the United States dollar. USD Coin is sold by and used on Coinbase to purchase other cryptocurrencies.

Cohen replaces Amy Luo, who left last year and now is a partner in DIGITAL, which invests in Metaverse businesses.