Ex-Trump Top Economic Adviser Joins Forces With Fledgling Blockchain Startup

News
Fri, 10/12/2018 - 13:58
Alex Dovbnya
Goldman Sachs bigwig Gary Cohn joined startup. Cohn will work with Spring Labs, a fintech startup that has offices in Los Angeles and Chicago with 20 people on board
Cover image via U.Today

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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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