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FGary Cohn, director of Ormer's National Economic Council and head of Goldman Sachs, will advise a start-up focused on using blockchain software for consumer financial data.
Spring Labs, a Chicago-based Los Angeles-based start-up founded last year, announced that Cohn would have joined his board of directors on Friday.
"I've been very interested in blockchain technology for a number of years, and Spring Labs is developing a network that could have profound implications for the financial services industry," Cohn said in a statement. "I am excited to be actively supporting the Spring Labs team in the development of this important company and network."
As director of the national economic council, Cohn oversaw the rewriting of the US tax code while advising President Trump on trade, infrastructure and financial regulation. Prior to joining the Trump Administration, Mr. Cohn held the positions of President and Chief Operating Officer at Goldman Sachs.
The leaders and members of the board of directors of the Avant online consumer credit company founded Spring Labs last year to apply software at the heart of cryptocurrencies to consumer financial records in order to compete. private credit bureaus such as TransUnion, Equifax and Experian.
Cohn joins a committee made up of several people familiar with the world of financial services policy. Brian Brooks, the recently retired general counsel for Fannie Mae, who is currently the lead counsel for the Coinbase Cryptocurrency Exchange, serves as an advisor to the company, as does Raj Date, the first deputy director. from the Consumer Financial Protection Bureau, and Sheila Bair, former chairman of the Federal Deposit Insurance Corp.
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