“Because of the new group I’m setting up at Facebook around Blockchain, I’ve decided it was appropriate for me to resign from the Coinbase board.
“…I’ve been thoroughly impressed by the talent and execution the team has demonstrated during my tenure, and I wish the team all the success it deserves going forward.”
The decision comes as rumors continue to swirl about a potential acquisition of Coinbase by Facebook. Last month, the social media platform allowed the exchange to advertise its services, reversing a ban which took effect in January.
Correspondingly, media outlets quoted sources which suggested a perceived “conflict of interest” lay