Coinbase, the U.S.' biggest exchange, and wallet supplier lost their head of policy to the investment mammoth, Andreessen Horowitz.

Mike Lempres, who worked just quickly in the job subsequent to swapping over from being Coinbase's legal head in September, had officially chosen to leave at the time. 

Like all exchanges serving the U.S. market, Coinbase keeps on engaging itself with administrative frameworks that change from state to state, and in addition managing status of specific sorts of virtual currencies. 

While it stays obscure who will fill the position of Lempres, legal head at the organization at present is Brian Brooks, who assumed a majority of his duties. 

"As legal head and risk officer at the time of development for Coinbase, Mike was instrumental in building the organization's legal department. 

Coinbase recently secured funding from the firm, which driven its 2013 Series B financing round worth $25 million. Andreessen Horowitz likewise poured a noteworthy $300 million investment for the exchange this October. 

Coinbase experienced legal troubles this week after a former lawsuit of Bitcoin Cash returned to life, with a hearing date set for January 2019. 

In October, an official uncovered provisional plans to add 300 digital currencies to its platforms, while dissipating rumors that the organization would file an IPO.