BitGo Taps Former Coinbase Exec Jeff Horowitz as Chief Compliance Officer

Jeff Horowitz led Coinbase’s global compliance program until his departure in October.

AccessTimeIconJan 13, 2021 at 11:00 a.m. UTC
Updated May 9, 2023 at 3:14 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Cryptocurrency custodian BitGo has hired Coinbase’s former chief compliance officer to lead its compliance and anti-money laundering (AML) programs.

Jeff Horowitz led Coinbase’s global compliance program before leaving in October. Prior to Coinbase he spent 12 years with Pershing, a clearinghouse owned by BNY Mellon. 

  • What South Korea's Latest Election Means for Crypto Adoption in the Country
    00:38
    What South Korea's Latest Election Means for Crypto Adoption in the Country
  • Hong Kong Approving an Ether ETF Could Be a 'Surprise,' Analyst Says
    00:52
    Hong Kong Approving an Ether ETF Could Be a 'Surprise,' Analyst Says
  • What South Korea's Elections Mean for Crypto; The Potential for Spot BTC and ETH ETFs in Hong Kong
    19:02
    What South Korea's Elections Mean for Crypto; The Potential for Spot BTC and ETH ETFs in Hong Kong
  • Would You Get Paid in Crypto?
    00:57
    Would You Get Paid in Crypto?
  • Horowitz was also co-chair of the Securities Industry and Financial Markets Association's AML Committee. He began his career as a regulator with the Federal Deposit Insurance Corporation (FDIC).

    The hire comes as banks across the U.S. have received more regulatory clarity through several letters issued by the U.S. Office of the Comptroller of the Currency giving them the green light to custody crypto and conduct payments and other activities with stablecoins.

    “Banks and institutional investors are looking for a regulated and independent custody solution provider to safely store their crypto,” Horowitz told CoinDesk in an email. “Bankers want to know that a crypto custodian is meeting the same standards of security and compliance that Banks and Trust Companies are subject to today.”

    Late last month, the U.S. Treasury Department announced that BitGo had agreed to pay $93,830 to settle 183 “apparent violations” of multiple sanctions programs.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.