The issuer #stablecoin #Circle #usdc has hired a former CFTC executive as head of its legal team. Specifically, Circle has appointed Heath Tarbert as the company's new legal director.
Tabbert said he has long been a fan of digital assets. Circle's USDC is “the most popular managed stablecoin,” he added.
He also praised Circle and its CEO, Jeremy Allaire. He also expressed his willingness to cooperate with the company and called for clear rules.
“I have long been intrigued by both Jeremy Allaire's vision of securely moving money at internet speeds and Circle's tangible achievements as a respected and valued global leader. Reliable in the payment industry with a priority method according to regulations. I am pleased to have the opportunity to help Circle's efforts to develop the global financial system and encourage policymakers to establish common-sense rules for digital assets that provide clarity. , consistent and protective for people and businesses.”
Statement from Heath Tarbert
Before Circle, Tabert was chief legal officer at Miami-based Citadel Securities. He is also the 14th director of the US Commodity Futures Trading Commission (CFTC). His term runs from 2019 to 2021. Tabert will begin work at Circle effective July 1.
Statement by CEO Circle
Allaire said Tarbert's skills are essential to the Circle's goals.
“As we continue to build the bridge between traditional finance and web3, Heath's perspective, legal acumen, and global regulatory experience will help us enhance the utility value of USDC globally. world."
Circle CEO Jeremy Allair
The latest development comes shortly after the company's Singapore division received a Major Payment Institution (MPI) license from the country's central bank, the Monetary Authority of Singapore (MAS).
