Coinbase is looking for a new rent to manage the exchange'due south sour relationship with policymakers.

The United States-based crypto substitution aims to bang-up its legal and compliance squad ranks. The company is looking for more than than 350 new hires, with 24 job openings within the legal and compliance team.

More than specifically, Coinbase is seeking a new managing director to oversee communications with U.S. policymakers. Along with a strong network in Washington D.C, Coinbase expects its new U.South. policy communications manager, who would lead its media relations and strategic presence in disquisitional policy debates, to accept "fantabulous political judgment."

Better communication with policymakers might be an urgent requirement for Coinbase, which is reportedly at odds with the United States Securities and Commutation Committee (SEC) over its canned lending program. CEO Brian Armstrong tweeted that the SEC threatened to sue the substitution over Coinbase Lend.

Planned to offer iv% annual yield returns on deposits of the USD Money (USDC) stablecoin, the Lend program was reportedly deemed a security by the SEC. Two weeks later, the visitor announced the abandonment of the yield program.

Related: SEC chair compares stablecoins to casino poker chips

Armstrong so complained that other crypto firms on the market currently provide similar lending services, stating:

"They refuse to tell us why they think it's a security, and instead subpoena a agglomeration of records from united states (we comply), need testimony from our employees (we comply), and and so tell us they will exist suing us if we keep to launch, with zero explanation as to why."