Goldman Sachs bigwig Gary Cohn, who served as Donald Trump’s top economic adviser from the very onset of his presidency, is now joining a Blockchain startup, Financial Times reports. After sparring with Trump over imposing tariffs on steel and aluminum and subsequently resigning back in May, Cohn will work with Spring Labs, a fintech startup that has offices in Los Angeles and Chicago with 20 people on board.
Spring Labs, which raised more nearly $15 in a seed funding round, is focused on increasing the efficiency and security of data-sharing with the help of Blockchain. Cohn calls his presence on the team a “unique opportunity”, but he also recognizes the challenges that come with building the technology and getting it accepted by lenders and data providers.
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