Gary Cohn — former chief economic adviser to U.S. Pres. Donald Trump — has joined the board of advisers of blockchain-related tech company Spring Labs, according to a press release published, Oct. 12.
In addition to serving in the Trump administration, Cohn has previously worked as COO of American banking giant Goldman Sachs, and most recently served as a director of the U.S. National Economic Council. In the release, Cohn states that he has been “very interested in blockchain technology for a number of years.”
Working as Donald Trump’s chief economic adviser in 2017–2018, Cohn was responsible for the administration's tax reform, which came into force last December. Moreover, Cohn was oversaw the administration’s international and domestic economic policy agenda.
Chairman and CEO of Spring Labs Adam Jiwan says his company expects Cohn to implement his knowledge of financial markets in the blockchain sphere:
"Gary brings a wealth of experience in understanding the complexities of the global financial markets and an unparalleled network…."
Spring Labs is a U.S.-based tech company that uses blockchain solutions to swap identity and assets information between banks and companies. The company is in the process of building its Spring Protocol, which it claims will “[enable] network participants to exchange valuable information without sharing underlying source data.”
As Forbes revealed in March, Spring Labs managed to raise $14.7 million in early-stage investment just four months after it was founded.
Spring Labs also managed to attract Brian Brooks — a chief legal officer at crypto exchange Coinbase — to its advisory board. Brooks previously worked as general counsel at the U.S. Federal National Mortgage Association, known as Fannie Mae.