Business News Report
June 08, 2023

Circle Names Former CFTC Chair Heath Tarbert as Chief Legal Officer

Circle Internet Financial, the global fintech firm and issuer of the stablecoin USDC, today announced the appointment of Heath Tarbert as chief legal officer and head of corporate affairs effective July 1, 2023.

Heath Tarbert, former CFTC chairman, named as Circle's new chief legal officer.

Tarbert joins Circle from Citadel Securities, where he has been serving as chief legal officer for over two years. He succeeds Flavia Naves, general counsel at Circle, who announced that she will be parting ways with the firm earlier this year. During her time at Circle, Naves led the company’s global expansion and financing rounds. 

Throughout his 20-year legal career, Tarbert has held leadership positions in all three branches of the federal government and across key regulatory agencies. He previously served as the 14th chairman and chief executive of the CFTC and vice chairman of the International Organization of Securities Commissions. 

Prior to that, he was the assistant secretary of the U.S. Treasury for international markets. Simultaneously, he served as the G-7/G-20 deputy finance minister, a member of the Financial Stability Board, and the U.S. executive director of the World Bank Group.

During the early years of his career, Tarbert served as an attorney-adviser at the U.S. Department of Justice, Supreme Court law clerk, associate White House counsel and special counsel to the U.S. Senate Committee on Banking, Housing and Urban Affairs.

“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 said in a statement.

This new appointment comes as the crypto industry comes under increased regulatory scrutiny amidst SEC’s crackdown on Binance and Coinbase this week. Under Tarbet’s leadership as Circle’s legal head, the firm is set to gain a significant advantage in effectively navigating complex global regulatory challenges.

This week, Circle Singapore, an affiliate of Circle Internet Financial, was granted a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license will allow Circle Singapore to offer digital payment token services, alongside cross-border money transfer services and domestic money transfer services in the city-state via its various products and services, including the Circle Account, which allows institutional customers access to USDC.

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Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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