Coinbase Hires Morgan Stanley Lawyer to Head Enterprise Compliance

Ian Rooney’s appointment comes shortly after the exchange brought on former Securities and Exchange Commission official Brett Redfearn as vice president of capital markets, and Molly Abraham, as an associate general counsel for commercial.

article-image

Brian Armstrong, CEO and co-founder, Coinbase, Inc.; Source: Coinbase, Inc. (Ethan Pines)

share

key takeaways

  • Coinbase brings in Morgan Stanley veteran Ian Rooney to head enterprise compliance
  • The crypto exchange hired former SEC official Brett Redfearn earlier this week

Coinbase, the largest US cryptocurrency exchange preparing to go public next month, has brought on Morgan Stanley veteran Ian Rooney. 

Ian Rooney will lead Coinbase’s enterprise compliance team, according to a report from Bloomberg Law Wednesday. Rooney spent nearly a decade at Morgan Stanley, most recently as the head of the global financial crimes division. 

Rooney’s appointment comes shortly after the exchange brought on former Securities and Exchange Commission official Brett Redfearn as vice president of capital markets.

“I’ve always been fascinated with the impact that new technologies have on financial markets,” Redfearn said in the company’s announcement. “I witnessed firsthand how the electronification of trading transformed markets and trading practices and understand well how regulation can both spur it on or keep it in check. I believe that digital assets are at a similar crossroads today.” 

Redfearn is the second high-ranking SEC official to take a position with a crypto company this week. Former SEC Commissioner Jay Clayton became an advisor at One River on Monday. The Connecticut-based firm started investing in bitcoin in November and CEO Eric Peters believes the digital currency will become more valuable than gold. 

In addition to bringing in Rooney and Redfearn, the California-based Coinbase also hired Molly Abraham, who most recently led regulatory efforts at flying car startup Kitty Hawk, as an associate general counsel for commercial.

Founded in 2012, Coinbase is now one of the largest cryptocurrency exchanges in the world with around $90 billion in assets under management and about 43 million verified users.

Coinbase announced plans to go public via a direct listing on the Nasdaq, an alternative to an initial public offering, in January 2021.

The company had hoped to list in March but plans have been delayed until April. Earlier this month, Coinbase agreed to pay $6.5 million in a settlement with the Commodity Futures Trading Commission following allegations that Coinbase “self-traded” digital assets between 2015 and 2018.

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates.png

Research

Ethena Labs is leaping from its flagship synthetic dollar, USDe, to a full product suite—USDtb, iUSDe, and the Arbitrum-based Converge Chain—designed to marry crypto-native yields with TradFi-grade compliance. Our analysis shows how expanding into CME, ETF options, and tokenized Treasuries could lift protocol revenue from sub-$500 million in a bear case to several billion dollars if favorable regulation and institutional adoption align.

article-image

Doing one thing well and leaving everything else out is often what disruptive technologies do best

article-image

Why an analyst is kicking off COIN coverage with “buy” rating

article-image

“Bitcoin does not require a strong equity rally to move higher,” YouHodler markets chief Ruslan Lienkha said

article-image

President Trump’s comments that he will not look to fire Fed Chair Jerome Powell sent stocks higher in after-hours trading Tuesday

article-image

The trading card game will use Immutable’s zkEVM chain