JST Capital Hires New York Fed Exec as Regulatory Head

Former New York Federal Reserve regulator Martin Grant joined the executive exodus from traditional finance to crypto after almost 32 years at the central bank.

• Grant joined JST Capital, a financial services firm focused on digital assets, as global head of regulatory affairs and integrity, according to a press release on Tuesday. He started on Monday, the company said.
• He will be responsible for helping the New York-based company navigate the evolving digital asset regulatory environment.
• More crypto regulation is likely to emerge after U.S. President Joe Biden's executive order in March, in which he asked all federal agencies to coordinate their approaches to crypto.
• "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.
• Grant spent almost 32 years at the New York Fed in various roles, including more than 16 years as chief compliance and ethics officer, his most recent position, according to his LinkedIn profile.
• In the past two years almost 80 people have moved from government agencies that regulate finance into crypto companies, the Tech Transparency Project said in a February report.

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