Circle, the fintech firm behind one of crypto’s largest stablecoins, named Heath Tarbert its new chief legal officer on Thursday, taking on the ex-regulator as an executive amid a double-tap of enforcement actions against exchanges from the Securities and Exchange Commission (SEC).

Tarbert will also become Circle’s head of corporate affairs when he officially starts at the company in July, leaving behind his role as chief legal officer at Citadel Securities, the titanic market-making firm founded by billionaire entrepreneur Ken Griffin.

Tarbert’s track record within the halls of government was noted by Circle in a press release, which said Tarbert “brings decades of experience from all three branches of U.S. government, international leadership posts, and private sector firms to Circle.”

Tarbert has served as chair and chief executive of the Commodity Futures Trading Commission and held titles within the U.S. Treasury Department, U.S. Justice Department, Supreme Court, Senate Banking Committee, and the White House, according to his LinkedIn profile.

Circle’s announcement follows an appearance from the company’s CEO, Jeremy Allaire, on the cover of Forbes Magazine. An article, titled “Circle Begs Congress: Please Regulate Us,” explores how stablecoin legislation in the U.S. could impact Circle’s standing.

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Author: André Beganski

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