Crypto lending platform BlockFi has hired an experienced legal professional in a bid to stay ahead of the regulatory curve.

  • Jonathan Mayers joins BlockFi as general counsel at a time governments and regulators are increasing regulatory pressure on companies working with cryptocurrencies.
  • The company announced the news in a blog post Wednesday, with BlockFi CEO Zac Prince saying his company will "need a firm regulatory structure" moving forward.
  • Mayers will oversee the development of a sound legal and compliance framework and ensure BlockFi participates in conversations with regulators, the firm said.
  • The new hire has over 20 years' experience in the legal and financial industries and more than 14 years experience in a counsel or general counsel role, according to his LinkedIn profile.
  • He's previously worked at Deutsche Bank and Barclays, as well as legal firm Davis Polk & Wardwell and U.S. hedge fund Renaissance.
  • BlockFi hired Adam Healy a veteran of the U.S. Department of Defense and Microsoft, to take charge of the firm’s security in mid-June.
  • The firm offers cryptocurrency-backed loans and interest-bearing accounts.

See also: Crypto Lender BlockFi Says Monthly Revenue Up 100% After Bitcoin Halving User Boost

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