Cesare Fracassi is the Chief Economist of the Coinbase Institute and the director of economic research at Coinbase. Cesare is also a member of the State of Texas Work Group on Blockchain Matters. Before joining Coinbase, he was an associate professor of finance, the director of the Blockchain Initiative at the McCombs School of Business - University of Texas at Austin, and the Fintech Research Lab. His primary research interest is in blockchain, financial technology, and corporate finance. His research, published in the top Finance journals, includes work on fintech, corporate governance, credit rating agencies, small business financing, and the effects of social networks and culture on financial policies. He also taught courses on fintech to undergrad, MBA, MSF, MSBA, and MSIT students, corporate finance and valuation to MBA students, and empirical corporate finance to PhD students. Cesare holds a BS and MS in Electrical Engineering from the Politecnico di Milano (Italy), and an MBA and PhD in Finance from UCLA Anderson. He was a visiting professor at the Wharton School in 2012/2013. Before his MBA, he worked as strategic management consultant at Booz Allen and Roland Berger in Italy, and as summer intern at the United Nations in New York.