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Center has a new director of policy and regulation and a new chief operating officer.
Founded by Circle and Coinbase to govern stablecoins (USDC), the consortium has announced that former U.S. Securities and Exchange Commission (SEC) Linda Jeng will join the team as director of policy and regulation. She is currently a professor of law at Georgetown University. The new chief operating officer of the Center will be Danielle Harold, former CEO of the defunct Diem association.
Center CEO David Puth explained that as the global stablecoin market continues to grow and attract the attention of lawmakers, the company has taken steps to maintain the favor of regulators in order to support the USDC.
“I am very pleased to welcome leaders of this level to our team. Both Linda and Daniel have a wealth of experience that will help our organization set the standards for the growing blockchain space,” said David Puth.
Cryptocurrency companies are increasingly hiring former regulators to demonstrate business transparency to regulators. In March, decentralized lending protocol team Euler Finance announced the appointment of Brandon Neal as COO. Prior to this appointment, Neal spent ten years in various positions at the Federal Reserve Bank of New York (FRBNY). In February, the Coinbase cryptocurrency exchange decided to strengthen the administrative link with the former chief economist of the US Securities and Exchange Commission (SEC), Scott Bauguess.
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