Claim BonusCircle Ropes In Former CFTC Chair To Push For Regulatory Clarity On Crypto
The firm behind USDC stablecoin, Circle Internet Financial, has hired the former CFTC chair Heath Tarbert as the chief legal officer and head of corporate affairs. Along with CFTC, Tarbert served various positions across all branches of the federal government and key regulatory agencies.
Tarbert’s experience to benefit Circle
Heath Tarbert has served as the 14th chairman and chief executive of the CFTC and vice chairman of the International Organization of Securities Commissions. He was previously assistant secretary of the U.S. Treasury for international markets, concurrently serving as G-7/G-20 deputy finance minister, a member of the Financial Stability Board, and U.S. executive director of the World Bank Group. During his early career, Tarbert served as a Supreme Court law clerk, associate White House counsel and special counsel to the U.S. Senate Committee on Banking, Housing and Urban Affairs.
Tarbert was also the chief legal officer at Citadel Securities.
Pivotal time for our company, and the broader industry: Circle CEO
Welcoming Tarbert onboard, Circle CEO Jeremy Allaire said,
“it’s a pivotal time for our company, and the broader industry, and a critical part of the path forward is building durable relationships with governments around the world as we look to bring the power of blockchain-native money and payments everywhere.”
Allaire added that Heath’s perspective, legal acumen and global regulatory experience will help us advance the utility value of USDC worldwide as they build a bridge between traditional finance and Web3.
On joining Circle, Heath said that he would help Circle’s efforts to evolve the global financial system and encourage policymakers to establish sound rules for digital assets that provide clarity, coherence and protection for people and businesses.
The latest hiring comes amid the ongoing battle of the crypto industry with the US SEC. With the latest lawsuits against the world’s top crypto exchanges Binance and Coinbase, it appears that the US SEC has come for the kill. The future of the crypto industry in the United States hangs in the balance.
Read More: US SEC Calls These 67 Cryptocurrencies Worth $100 Billion As Securities
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- BitMine Keeps Buying Ethereum With New $84M Purchase Despite $8B Paper Losses
- Polymarket Sues Massachusetts Amid Prediction Market Crackdown
- CLARITY Act: Bessent Slams Coinbase CEO, Calls for Compromise in White House Meeting Today
- Crypto Traders Reduce Fed Rate Cut Expectations Even as Expert Calls Fed Chair Nominee Kevin Warsh ‘Dovish’
- Crypto, Banks Clash Over Fed’s Proposed ‘Skinny’ Accounts Ahead of White House Crypto Meeting
- Cardano Price Prediction as Bitcoin Stuggles Around $70k
- Bitcoin Price at Risk of Falling to $60k as Goldman Sachs Issues Major Warning on US Stocks
- Pi Network Price Outlook Ahead of This Week’s 82M Token Unlock: What’s Next for Pi?
- Bitcoin and XRP Price Prediction as China Calls on Banks to Sell US Treasuries
- Ethereum Price Prediction Ahead of Feb 10 White House Stablecoin Meeting
- Cardano Price Prediction as Midnight Token Soars 15%
