Michele Korver, a government and law-enforcement veteran who was most recently the chief digital currency adviser at the U.S. Financial Crimes Enforcement Network (FinCEN), is joining Andreessen Horowitz (a16z) as its head of regulatory.
- Korver spent less than nine months at FinCEN, having joined in July 2021 after nearly four years as digital currency counsel for the U.S. Department of Justice. FinCEN is part of the U.S. Treasury Department.
- She announced the move on her Twitter account Tuesday, referring to her excitement "to work directly with Web 3 projects to help them thrive in a rapidly-developing regulatory environment."
- Venture capital firm a16z has invested extensively in crypto and blockchain, last year raising $2.2 billion for its third crypto venture fund.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.