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Centre Hires 2 Executives to Oversee Regulation, Operations
Former regulator Linda Jeng will join as Centre’s chief policy and regulatory officer, while former Diem executive Danielle Harold will be the consortium’s chief operations officer.
In this article
The technology consortium behind the second-biggest stablecoin has hired two new executives to oversee policy and operations.
Centre, the consortium founded by Circle and Coinbase in 2018 to govern USD coin
, announced Tuesday that Linda Jeng, a current Georgetown law professor and former regulator with the U.S. Securities and Exchange Commission (SEC), would be joining as Centre’s chief policy and regulatory officer.
STORY CONTINUES BELOW
Danielle Harold, former executive at the now-defunct Diem Association, will join Centre as chief operating officer (COO).
As the global stablecoin market continues to grow and attract the attention of lawmakers, Centre has taken steps – including becoming increasingly transparent about USDC’s backing – to stay in regulators’ good graces.
“I am thrilled to welcome executives of this caliber to our team,” said David Puth, CEO of Centre, said in a press statement. “Both Linda and Danielle bring an abundance of experience that will guide our organization as we create standards for the burgeoning blockchain space.”
USDC has a market cap of over $50 billion.
UPDATE: (April 13, 17:10 UTC): Headline and opening paragraph changed to reflect that Circle, not Centre, is the sole issuer of USDC.
Cheyenne Ligon
On the news team at CoinDesk, Cheyenne focuses on crypto regulation and crime. Cheyenne is originally from Houston, Texas. She studied political science at Tulane University in Louisiana. In December 2021, she graduated from CUNY's Craig Newmark Graduate School of Journalism, where she focused on business and economics reporting. She has no significant crypto holdings.
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
알아야 할 것:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
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