This was only briefly mentioned in today's story about Coinbase, but managers surveyed Black employees at the end of a summer of turmoil to see how they were feeling
The resulting report did not paint a pretty picture.
In one period -- in late 18, early 19 -- almost all of the company’s Black employees left in a short period of time, with nearly a dozen of them making complaints to managers and HR before leaving.
“Most people of color working in tech know that there’s a diversity problem. But I’ve never experienced anything like Coinbase," Alysa Butler, who worked in recruiting at Coinbase, told me.
Just got this slide from a confidential Circle presentation. It does more to explain Circle's acquisition of Poloniex than anything I have seen today.
Takeaway: the SEC did indeed informally indicate to Circle that regulators would "not pursue any enforcement action for prior activity" at Poloniex as long as Circle cleans up Poloniex and turns it into a regulated exchange.
The SEC seems to be saying here that it's okay if you broke the rules, as long as you get acquired by a legitimate player before we crack down on you.