Circle, the issuer of USD Coin (USDC), has hired the former chairman of the US Commodity Futures Trading Commission (CFTC) as its Chief Legal Officer.
In a press release, Circle released on June 8, CFTC including three important financial regulation served in the Heath Tarbert Chief Legal Officer and Head of Corporate Affairs announced his hiring.
In the past CFTC, International Securities Commission (IOSCO) And At the Financial Services Commission, which is linked to the US Department of the Treasury (DOJ) manager who has Tarbert, Citadel After two years of Chief Legal Officer at Securities 1 July It is stated that he will join the Circle on
Circle CEO Jeremy Allaire He made the following statements about Tarbert’s joining the company:
The opportunity to welcome Heath’s expertise and leadership to our executive team is an extraordinary step towards Circle’s growth as a global company.
Allaire, Tarbert’s experience And opinion with The utility value of USDC worldwide to develop He said it would help. The CEO posted on his social media account. in the shipmentthe company growth And development for the world four one next to with governments He underlined the need to establish strong relationships.
Tarbert, company activities And of Allaire’s vision for a long time that you are interested in stated. New Chief Legal Officer, Circle’s global financial system development efforts don’t help And policy makers to the industry set clear rules for encourage the opportunity itself you get excited told.
Tarbert also told Fortune that the dollar Digitization of blockchains is inevitable. but that the USA does not hinder innovation, chinese style to surveillance government-sponsored for cryptocurrencies to the model stated he needed it.
Tarbert, on the other hand, believes that stablecoins are in the future. paying system for critical Pointing out that he will have a role to play, he said:
There will be a convergence between the traditional financial system and blockchain technology.