Stablecoin issuer Circle has recruited former CFTC chairman Heath Tarbert as its Chief Legal Officer and Head of Corporate Affairs.
The global cycle of crypto has evolved into a new dimension with regulations and legal processes. The crypto industry is going through tough times after FTX’s bankruptcy. Stablecoins and crypto exchanges are leading the way.
Stablecoin issuer Circle has made a new move amid its regulatory agenda. Circle has recruited former CFTC chairman Heath Tarbert.
Circle Drops Tights on Former CFTC Chair
Circle, the company behind USDC, is strengthening its team amid regulatory pressures and uncertainties. Circle has recruited Heath Tarbert as its Chief Legal Officer.
Tarbert previously served as president of the CFTC. He has also held senior positions at Tarbert, Citadel Securities and the World Bank.
In an interview with Fortune, Tarbert stated that he is interested in digital assets. Harbert underlined that he is interested in Circle as USDC is the most popular regulated stablecoin.
Making statements to the industry, Tarbert said that traditional financial systems will begin to converge with blockchain technology. The new Chief Legal Officer of Circle stated that stablecoins will make a major contribution to payment systems in the future.
Circle CEO Jeremy Allaire also shared his views on Tarbert. Allaire commended Tarbert’s financial expertise and leadership. Allaire said:
As we continue to build a bridge between traditional finance and Web3, Heath’s perspective, legal acumen and global regulatory experience will help us improve the utility value of USDC around the world.
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