
Circle neemt voormalig CFTC-hoofd aan als Chief Legal Officer
- Circle gelooft dat de toevoeging van Tarbert aan zijn juridische team de waarde van de USDC stablecoin zal verhogen.
- Tarbert heeft in verschillende overheidsorganisaties gediend, waaronder de Commodity Futures Trading Commission (CFTC) en de US Treasury.
- Tarbert will replace Flavia Naves, Circle’s general counsel, who has already expressed her intention to leave the company.
Heath Tarbert, de voormalige voorzitter van de Commodity Futures Trading Commission (CFTC), is aangesteld als chief legal officer en hoofd corporate affairs voor stablecoin-emittent Circle. Tarbert, een advocaat met een achtergrond in alle bestuurslagen, hervat de rol op 1 juli.
Afgezien van het dienen in de CFTC, heeft Tarbert gewerkt in organisaties zoals de International Organization of Securities Commissions, de US Treasury, de Financial Stability Board en de Wereldbankgroep. Daarnaast werkte hij als speciale raadsman voor de Banking, Housing and Urban Affairs Committee van de Amerikaanse Senaat.
Tarbert no doubt joins Circle with a wealth of experience. His addition comes at a time when the stablecoin issuer faces increased scrutiny from US regulators. Tarbert will succeed Flavia Naves, Circle’s general counsel, who earlier this year is said to have expressed her intention to leave the organization.
Circle CEO Jeremy Allaire described Tarbert’s arrival as an “extraordinary step in Circle’s growth as a global company.”
Allaire zei in een uitspraak,
As we continue building a bridge between traditional finance and Web3, Heath’s perspective, legal acumen, and global regulatory experience will help us advance the utility value of USDC worldwide.
In reactie op zijn benoeming zei Tarbert:
I’ve long been intrigued by both Jeremy Allaire’s vision of moving money safely at internet speed and Circle’s tangible accomplishments as a respected, trusted global leader in payments with a regulatory-first approach. I’m thrilled by the opportunity to help Circle’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.
Tarbert’s experience with different government organizations will come in handy as Circle hopes to survive the ongoing attacks on crypto companies. Interestingly, Allaire believes the verhoogde controle of crypto firms by US authorities is mainly responsible for the decline of the market capitalization of the USDC stablecoin, which is Circle’s core product.