Ex-SEC, Coinbase staffer becomes Securitize president

Newly appointed company president Brett Redfearn briefly worked as Coinbase’s head of capital markets and served for more than three years at the SEC.

Tokenization platform Securitize has named Brett Redfearn as president, with the former official at the US Securities and Exchange Commission (SEC) also joining its board of directors.

Securitize’s Thursday notice said Redfearn previously served as the SEC’s director of its division of trading and markets, worked as Coinbase’s head of capital markets and held various roles over a decade spent at JPMorgan. He most recently has been a member of Securitize’s advisory board.

Redfearn is the latest former government official who has moved into the crypto industry, highlighting questions about their roles overseeing digital assets while in office. Caroline Pham, who served as a commissioner and acting chair of the US Commodity Futures Trading Commission (CFTC), left the agency in December to join crypto payments infrastructure company MoonPay.

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He joins Securitize as the tokenization of real-world assets (RWA) has seen increasing demand in the crypto industry. According to data from analytics platform RWA.xyz, the company had $3.85 billion in distributed asset value in March, at a time when tokenized stocks surpassed $1 billion in total value onchain.

On Wednesday, the SEC announced that David Woodcock would become the director of its Division of Enforcement starting on May 4, replacing acting head Sam Waldon.

Several US lawmakers are calling for answers from SEC Chair Paul Atkins regarding the departure of former enforcement director Margaret Ryan. Members of Congress questioned whether Ryan left due to the SEC’s decision to drop several crypto-related enforcement cases, including one against Tron founder Justin Sun.

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Source: CoinTelegraph