Chainalysis Exec Heads to PayPal to Lead Crypto Regulatory Efforts

Jesse Spiro, chief of government affairs at Chainalysis, is heading to PayPal's crypto wing to work on regulatory policy.

AccessTimeIconJul 23, 2021 at 7:17 p.m. UTC
Updated May 9, 2023 at 3:21 a.m. UTC

PayPal has poached a top policy exec from Chainalysis, the industry’s largest crypto-tracing company.

Jesse Spiro, formerly Chainalysis’ head of policy and regulatory affairs, is heading to PayPal's crypto wing to work on regulatory policy. He said the new role was "extremely attractive and exciting," citing the digital giant's size and potential to bring cryptocurrency to the payments sector.

  • Why MoonPay and PayPal Partnered to Expand Crypto Adoption in the U.S.
    14:12
    Why MoonPay and PayPal Partnered to Expand Crypto Adoption in the U.S.
  • How PayPal, Visa and BlackRock View Crypto in 2023
    02:41
    How PayPal, Visa and BlackRock View Crypto in 2023
  • What a New U.S. Consumer Watchdog Proposal Could Mean for Crypto Payments
    01:15
    What a New U.S. Consumer Watchdog Proposal Could Mean for Crypto Payments
  • PayPal Facing SEC Subpoena Linked to Stablecoin Could Be a 'Power Grab,' Former Paxos Exec Says
    10:57
    PayPal Facing SEC Subpoena Linked to Stablecoin Could Be a 'Power Grab,' Former Paxos Exec Says
  • "At PayPal I’ll be supporting regulatory affairs for their crypto business and I can’t tell you how exciting that is in relation to the future of crypto and what the future landscape is going to look like," Spiro told CoinDesk.

    Spiro will begin the new role on Aug. 2.

    PayPal debuted its bitcoin buying and selling functionality in October 2020 following reports by CoinDesk in June 2020 that a crypto service for the fintech giant was in the works.

    The publicly traded company has since become a pillar of crypto's mainstream moment, acquiring a crypto custodian in March and announcing in May that it was working to enable crypto withdrawals. PayPal reports its second-quarter earning on July 28.

    "The fact that PayPal has the global reach that they do, the technology and the resources behind them and the fact that as an MSB [money services business] of their size [they have] embraced cryptocurrency, I think it's so exciting," Spiro said.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.