Gary Cohn, once President Trump’s chief economic adviser, is joining blockchain-technology startup Spring Labs as an adviser.
Cohn, a former Goldman Sachs president, resigned as National Economic Council director earlier this year. In a press release he voiced an interest in blockchain technology, but he also has an undisclosed amount of equity in Spring Labs, according to the Financial Times.
Spring Labs, founded in 2017, wants to use blockchain to allow lenders and data providers to exchange credit and identity information more easily.
Cohn is not the only former financial person on the privately held company’s advisory board. He joins Bobby Mehta, the former chief executive of credit service Transunion; Brian Brooks, chief legal officer of cryptocurrency exchange Coinbase; Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp., and Nigel Morris, co-founder and former president of Capital One. Read more here.