- Tarbert also served as Citadel Securities’ chief legal officer.
- Jeremy Allaire said Heath’s viewpoint, legal acumen, and global regulatory expertise will help.
Circle Internet Financial, the company behind the USDC stablecoin, has appointed former CFTC chairman Heath Tarbert to serve as the company’s chief legal officer and director of corporate affairs. Tarbert worked in the executive, legislative, and judicial departments of the federal government, as well as the CFTC.
Heath Tarbert was the vice chairman of the International Organization of Securities Commissions and the 14th chairman and chief executive of the Commodity Futures Trading Commission.
Versatile and Key Experiences
Moreover, he has held positions as G-7/G-20 deputy finance minister, member of the Financial Stability Board, and U.S. executive director of the World Bank Group in addition to his time as assistant secretary of the U.S. Treasury for international markets.
First, a legal clerk for the Supreme Court, then an associate White House counsel, and then a special counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Tarbert had quite a varied early career. Tarbert also served as Citadel Securities’ chief legal officer.
Jeremy Allaire said Heath’s viewpoint, legal acumen, and global regulatory expertise will help us expand the utilitarian value of USDC internationally as they construct a bridge between conventional banking and Web3.
Heath said upon joining Circle that he would assist in the company’s efforts to improve the global financial system and push regulators to adopt strong laws for digital assets that give clarity, consistency, and protection for individuals and companies.
In the midst of the crypto industry’s continuing fight with the US SEC, a new round of hiring has just taken place. Recent lawsuits filed against Binance and Coinbase, two of the largest cryptocurrency exchanges in the world, suggest that the US SEC has gone all out against the crypto sector. In the United States, the fate of the crypto market is uncertain. A lot depends on the outcome of these lawsuits for the sector.
