Coinbase co-founder Fred Ehrsam enters Venezuelan oil sector

Coinbase co-founder Fred Ehrsam is reportedly seeking to enter the Venezuelan oil industry through his new company, Primavera. The firm has signed a production-sharing agreement with the state-owned oil company Petróleos de Venezuela (PDVSA). Ehrsam, who serves on the President's Council of Advisors on Science and Technology, faces significant uncertainty regarding the expansion of his venture in the region.