Today cryptocurrency custody firm Fireblocks announced that former SEC Chair Jay Clayton will join the firm’s advisory board. The startup has its sights set on serving institutions, whether for cryptocurrencies, DeFi or mainstream assets such as stocks, bonds, and real estate as they become tokenized.
But for now, Fireblocks is certainly a cryptocurrency company. Last month it raised $310 million at a $2 billion valuation, just four months after a $133 million fundraise.
Clayton was not especially popular amongst the cryptocurrency community. Before he departed the regulator, the SEC filed a lawsuit alleging that Ripple’s XRP is a security. And he hasn’t fundamentally changed his stance since he left the SEC.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
