Ex-Trump economic guru to advise blockchain startup

October 15, 2018
Chris Wheal

President Trump’s former economic adviser Gary Cohn has joined blockchain startup Spring Labs’s board of advisers.

Cohn, who prior to serving at the White House, was a former president and chief operating officer of Goldman Sachs, joins Spring Labs as it plans to use blockchain technology to create a credit data sharing platform called Spring Network.

Spring Labs recently raised in the region of $15m to seed fund the project. In addition to Cohn,  the startup  has appointed Coinbase’s chief legal officer Brian Brooks and Bobby Mehta, former head of Transunion, as board advisers.

Cohn resigned his position as economic adviser to President Trump due to policy differences on tariffs.

Cohn took up his role as in President Trump’s administration, in January 2017. He was seen at the time as powerful and influential figure and the US President’s go-to figure on matters related to jobs, business, and growth.

However the relationship soured and Cohn finally resigned from his position as leader of the US National Economic Council, in March 2018 following a run-in with president over plans to introduce a raft of tariffs.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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