USDC stablecoin issuer, Circle, hires new chief legal officer. This position will be taken by the former chairman of the US Commodity Futures Trading Commission, Geet Tarbert.
Before taking up his duties at Circle, Geet spent 18 months at the CFTC. More specifically, he worked for Citadel Securities, a marketing firm, where he also held a senior legal position.
Jeremy Allaire, co-founder and CEO of Circle, stated:
Circle is also actively expanding its political activities in Washington, particularly through the recruitment of new employees. The move is intended to win legislators’ support for the company’s technology. Recently, on the cover of Forbes magazine, Allair appeared with the headline “Please Regulate Us,” reflecting the company’s desire to cooperate with regulators.
Source: Cryptocurrency
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