Tom Duff Gordon, vice president of international policy at US-based cryptocurrency exchange Coinbase, has left the company. Duff Gordon, who worked at Coinbase for about four years, started working as policy officer for the Europe, Middle East and Africa (EMEA) region at OpenAI, which operates in the field of artificial intelligence.
Sector change from an experienced name
Known for his expertise in finance and crypto policies, Tom Duff Gordon worked at Credit Suisse for approximately eight and a half years before his tenure at Coinbase. After this experience in the banking sector, Duff Gordon moved to Coinbase and played an active role in the company’s regulatory policies.
Gordon, one of the names directing Coinbase’s international operations, has recently stood out especially in communications and policies with regulatory bodies. In the statement made by the company, it was noted that Gordon has transferred to OpenAI and will be responsible for policy processes in the EMEA region.
While OpenAI continues its rapid growth in the field of artificial intelligence, it is increasing its efforts on policy and regulation issues. In his new role, Gordon is expected to coordinate artificial intelligence regulations and relations with lawmakers in the EMEA region.
Important statements on crypto regulation
Tom Duff Gordon, also known as an expert on cryptocurrency regulations, recently pointed out that banks in the UK are often denied access to even legal and compliant services.
Duff Gordon emphasized that there is not enough distinction made between low-fraud crypto companies registered with the Financial Conduct Authority in the UK and higher risk operators. He stated that this situation prevented millions of customers from accessing legal crypto services by banks.
“Millions of people are unable to access legal and compliant services because banks in the UK do not distinguish between companies registered with the Financial Conduct Authority with a low risk of fraud and operators with a high level of risk.”
Gordon, who frequently made evaluations about developments in crypto regulation during his tenure at Coinbase, stated that the sector was negatively affected by legal uncertainties.
Gordon’s departure once again demonstrated the need for crypto companies to have experience in regulation and policy. At the same time, this situation also reveals that transitions between sectors are becoming increasingly common.
On the other hand, OpenAI’s inclusion of a person who will manage artificial intelligence policies shows that the importance the company attaches to regulation processes has increased.
The transition of an experienced name in the industry from the crypto ecosystem to artificial intelligence indicates that the legislative studies in the two areas will be discussed more in the near future.
