NYDFS Hires New Deputy Superintendent of Virtual Currency
Peter Marton will join the regulator’s research and innovation group, with a special focus on digital currencies and blockchain.
Jan 6, 2022 at 8:33 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NVOYBHVKVNFIZD27QODL6RJGXM.jpg)
The Egg performing arts building, center, stands at The Governor Nelson A. Rockefeller Empire State Plaza complex in Albany, New York, U.S., on Wednesday, March 19, 2014. Budget talks among New York Governor Andrew Cuomo and legislative leaders broke down on March 21, as senate co-leader Dean Skelos said there's too much focus on New York City and Mayor Bill de Blasio's pre-kindergarten plan. Photographer: Ron Antonelli/Bloomberg via Getty Images
The New York State Department of Financial Services (NYDFS) has hired Peter Marton as deputy superintendent of virtual currency, according to a post from Marton on LinkedIn Wednesday.
The NYDFS had been looking to fill this role for some time. The position is in its research and innovation division and has a special focus on virtual and digital currencies, blockchain, distributed ledger technology and other related innovative and derivative products and technologies, according to the initial job posting.
Marton previously worked for six and a half years at Promontory Financial Group, a subsidiary of International Business Machines, according to his LinkedIn profile, and spent the last six months as its director of digital assets.
“Crypto supervision should be a marathon not a sprint, and I look forward...to continue this effort in earnest,” Marton wrote in his LinkedIn post.
NYDFS regulates financial services and products, including those subject to New York state’s insurance, banking and financial services laws. The department is the regulator that created the New York BitLicense, which crypto businesses operating in the state are required to have.
NYDFS didn’t immediately respond to CoinDesk’s request for comment. The news of Marton’s hiring was first reported by The Block.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)
Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.