Citadel

Read

<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>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            You might also like:
        </span>

    
    
        <a href="https://crypto.news/circle-ceo-believes-the-sec-has-it-all-wrong-on-stablecoins/" class="cn-block-related-link__link">
            Circle CEO believes the SEC has it all wrong on stablecoins        </a>

    
</div>


<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>



<div class="cn-block-related-link">

    <svg class="cn-block-related-link__icon icon" aria-hidden="true">
        <use xlink:href="#icon-bookmark"></use>
    </svg>

    
        <span class="cn-block-related-link__prefix">
            Read more:
        </span>

    
    
        <a href="https://crypto.news/eu-raises-alarm-over-potential-bank-threats-posed-by-stablecoins/" class="cn-block-related-link__link">
            EU raises alarm over potential bank threats posed by stablecoins        </a>

    
</div>

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

crypto.news

Inne artykuły opublikowane 8 cze 2023

Bitget Launches AI-Powered Martingale Strategy

Grill.chat developing blockchain-based social media with EVM wallet integration

SEC Takes Legal Action Against Binance Over Securities Violations

Google Cloud Collaborates with Cronos Accelerator Program to Sponsor AI Innovation in Web3

Markets Dip Again as XDC Defies the Odds with Minor Gains

HOTTEST Crypto Gaming Gem on Solana!

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!