
At the end of September, the New York Department of Financial Services, one of the premier crypto regulatory bodies in the nation, announced that Peter Marton, head of its virtual currency regulatory unit, was stepping down to move to the private sector.
On Tuesday, crypto heavyweight Fireblocks, valued at $7.5 billion as of its last fundraising round, announced that Marton had started as its director of digital identity. "Peter’s exceptional experience developing regulatory frameworks at one the world’s preeminent virtual currency units should prove invaluable," Jason Allegrante, chief legal and compliance officer at the company, said in a statement.