2 years ago
Brandy covers crypto-related task superior deals for CoinDesk.
Another ex-Washingtonian is joining the propulsion to signifier crypto policy.
Crypto custody and infrastructure steadfast Prime Trust announced Tuesday the prosecute of Jeremy Sheridan, erstwhile adjunct manager of investigations astatine the Secret Service, arsenic vice president of regulatory affairs. The relation involves overseeing Prime Trust’s regulatory strategies, engaging with national and authorities agencies and serving arsenic a “regulatory thought leader,” according to a institution statement.
It’s the latest successful a drawstring of a high-profile appointments arsenic crypto firms look to Washington for those with regulatory experience. Last fall, Blockchain.com tapped D.C. lobbyist Ian Mair arsenic caput of U.S. nationalist policy. Earlier this year, CoinFund enlisted erstwhile Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo arsenic a strategical adviser.
For his part, Sheridan spent much than 2 decades moving for the United States Secret Service, including the statesmanlike protective item for President George W. Bush. Toward the extremity of his Secret Service career, Sheridan was the adjunct manager for the Office of Investigations and Legislative Affairs, which oversees 161 offices and implicit 3,000 personnel.
“The Office of Investigations works to support the nation’s fiscal infrastructure and fiscal outgo systems,” Sheridan told CoinDesk successful an interview. “[The office] started investigations related to integer assets, which informed my position and knowing of however integer assets are utilized for illicit means. It besides helped maine recognize the request for due regularisation and compliance successful the integer assets environment.”
Founded successful 2016, Las Vegas-based Prime Trust provides infrastructure that tin assistance crypto and fintech companies get up and moving faster. The institution offers business-facing exertion programming interfaces (APIs) for know-your-customer (KYC) checks, debit paper issuance, trading, retail settlements and crypto on- and off-ramps.
Prime spot said it processes implicit $3.5 cardinal successful transactions per period with crypto clients including Binance.US, Dapper Labs, FTX and Kraken.
Prime Trust raised $64 million successful backing past July and planned to usage the superior toward assertive hiring and expanding the company’s footprint deeper into fintech. Last month, Prime Trust announced that it was testing crypto status accounts.
“I wanted to beryllium portion of thing astatine the forefront of this emerging and processing marketplace,” Sheridan said. “Something that astatine its halfway has a regulatory and compliance-first position and culture.”
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Brandy covers crypto-related task superior deals for CoinDesk.
Brandy covers crypto-related task superior deals for CoinDesk.
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