Former Coinbase Legal Exec Lempres Joins Silvergate Capital as Chairman

Lempres takes over from Dennis Frank, who had served as chairman since 1996.

AccessTimeIconJun 15, 2021 at 1:44 p.m. UTC
Updated Jun 30, 2023 at 11:56 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

Michael Lempres, the former chief legal executive at cryptocurrency exchange Coinbase (NASDAQ: COIN), has joined Silvergate Capital (NYSE: SI) as chairman.

  • Lempres takes over from Dennis Frank, who had served as Silvergate’s chairman since 1996, the lender said Tuesday.
  • Prior to joining Silvergate, Lempres held the position of executive in residence at venture capital firm Andreessen Horowitz. He was the chief legal and risk officer of Coinbase and senior attorney at Silicon Valley Bank.
  • Silvergate Capital also appointed Aanchal Gupta to its board of directors and to the board of its Silvergate Bank subsidiary.
  • Gupta has managed security risks at several companies, including Microsoft, Facebook and Yahoo.
  • Gupta is now vice president of Azure, Microsoft’s cloud-computing platform, where she is in charge of responses to security incidents and building cloud security products, Silvergate said.


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; 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.

Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

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 to register and buy your pass now.