Crypto OG Kathryn Haun is hanging up her board hat at Coinbase. After seven years of shaping the company's growth, Haun is stepping down to focus on her venture capital firm, Haun Ventures.

Haun, a former prosecutor with a keen eye for legal strategy, has been lauded as a "force of nature" by Coinbase CEO Brian Armstrong. Her contributions, especially during Coinbase's journey to becoming a publicly traded company, haven't gone unnoticed.

A Fond Farewell and Focus on the Future

While the crypto community celebrates Haun's dedication, her departure highlights an ongoing issue: a lack of diversity on Coinbase's board. With Haun's exit, the number of female board members shrinks to one.

Haun's decision allows her to "double down" on supporting founders within the booming crypto industry. Haun Ventures, her venture capital firm, is poised to capitalize on this growth.

Coinbase: A Mixed Bag

The news comes amidst a flurry of activity for Coinbase. On the bright side, investment bank KBW increased its price target for the company to a bullish $230, citing the long-term potential of the crypto market.

However, Coinbase continues to navigate regulatory hurdles. A recent court ruling allows the SEC's lawsuit against Coinbase to proceed, alleging the exchange operates as an unregistered securities platform.

What's Next for Coinbase?

While Haun's departure brings a close to a significant chapter, Coinbase still has plenty of ground to cover. The company needs to address diversity concerns on its board and navigate the complex regulatory landscape.

Coinbase's future remains a story in development, and only time will tell how it will adapt to these challenges and capitalize on the crypto market's potential.