Kathryn Haun has announced that she will be stepping down from her position on the board at Coinbase. She mentioned the fast growth of the cryptocurrency industry as a reason for her decision, wanting to dedicate more time to her investment fund firm.

After serving on the board for seven years, Haun has played a significant role in the advancement of Coinbase. Her insights and vision for the company have been highly valued by the community. Brian Armstrong, the CEO of Coinbase, praised Haun for her legal expertise and strategic guidance, acknowledging her contributions to the company's success.

As Haun prepares to leave Coinbase's board, the company will need to fill her position at the upcoming Annual Meeting of Shareholders. This change will result in a reduction in the number of board members to seven.

Despite the challenges presented by the regulatory environment, Coinbase has continued to perform well in the market. Recent analyses have shown an increase in the target price for COIN, reflecting the potential for growth in the crypto asset ecosystem.

Recently, Coinbase faced legal action from the SEC, accusing the exchange of operating without being properly registered. A judge allowed the case to proceed, stating that the allegations made by the SEC were reasonable and could be pursued further in court.