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<p class="is-style-lead">Circle Internet Financial, the issuer of the second-largest stablecoin by market capitalization, has employed the services of a former CFTC chief to head the company&#8217;s legal team.&nbsp;</p>



<p>Circle has appointed Heath Tarbert as the company&#8217;s new Chief Legal Officer and Head of Corporate Affairs. Speaking to <a href="https://fortune.com/crypto/2023/06/08/circle-heath-tarbert-cftc/" target="_blank" rel="noopener">Fortune</a>, Tarbert stated that he was a long-time admirer of digital assets, adding that Circle&#8217;s USDC is the &#8220;most popular regulated stablecoin.&#8221; </p>



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<p>The lawyer in a <a href="https://www.prnewswire.com/news-releases/circle-names-heath-tarbert-chief-legal-officer--head-of-corporate-affairs-301844608.html" target="_blank" rel="noopener">statement</a> also praised Circle and its CEO, Jeremy Allaire, and expressed his willingness to work with the company, while calling on policymakers to create clear rules for the digital asset industry.&nbsp;</p>



<blockquote class="wp-block-quote">
<p>&#8220;I&#8217;ve long been intrigued by both Jeremy Allaire&#8217;s vision of moving money safely at internet speed and Circle&#8217;s tangible accomplishments as a respected, trusted global leader in payments with a regulatory-first approach. I&#8217;m thrilled by the opportunity to help Circle&#8217;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.&#8221;</p>
<cite>Statement from Circle&#8217;s new Chief Legal Officer, Heath Tarbert</cite></blockquote>



<p>Before Circle, Tarbert was the chief legal officer for Miami-based market maker Citadel Securities. The new Circle lawyer was also the 14th chairman of the US Commodity Futures Trading Commission (CFTC) from 2019 to 2021, succeeding Christopher Giancarlo. Tarbert&#8217;s duties at Circle will become effective starting July 1. </p>



<p>Commenting on the appointment, Allaire said that introducing Tarbert&#8217;s skills into the company&#8217;s executive leadership team is essential to Circle&#8217;s global firm goal. </p>



<blockquote class="wp-block-quote">
<p>&#8220;As we continue building a bridge between traditional finance and web3, Heath&#8217;s perspective, legal acumen and global regulatory experience will help us advance the utility value of USDC worldwide.&#8221;</p>
<cite>Circle CEO Jeremy Allair</cite></blockquote>



<p>The latest development comes shortly after the company&#8217;s Singapore division <a href="https://crypto.news/circle-receives-digital-token-license-in-singapore/">received</a> a Major Payment Institution (MPI) license from the country&#8217;s central bank, the Monetary Authority of Singapore (MAS).&nbsp;</p>



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Circle’s appoints former CFTC chairman as new chief legal officer

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