JST Capital, a financial services firm specializing in the digital asset market, appoints Martin Grant, former New York Federal Reserve regulator, as head of regulatory affairs and integrity.
After nearly 32 years at the New York Federal Reserve, former regulator Martin Grant has joined the executive migration from traditional finance to crypto.
According to a news announcement issued on Tuesday, Grant has joined JST Capital, a financial services firm focused on digital assets, as global head of regulatory affairs and integrity. According to the company, he started on Monday.
He’ll be in charge of assisting the New York-based firm in navigating the rapidly changing digital asset regulatory landscape.
Following US President Joe Biden’s executive order in March, in which he asked all federal agencies to coordinate their responses to crypto, more crypto regulation is likely to emerge.
“Regulators around the world have begun to realize the full scope of digital assets and the role they play in the global economy and as a result are rushing to establish fulsome policies that protect market participants at all levels,” Grant said in the press release.
According to his LinkedIn profile, Grant worked for over 32 years at the New York Fed in various roles, including more than 16 years as chief compliance and ethics officer, his most recent job.
According to a February analysis by the Tech Transparency Project, around 80 persons have migrated from government organizations that supervise finance to crypto firms in the last two years.