OKX Hires Former Kraken Regulatory Strategist Marcus Hughes

Cryptocurrency Trade OKX employed Marcus Hughes as his new vp and worldwide head of presidency relationships, the corporate introduced on Wednesday.

Hughes, who has greater than 20 years of expertise to scale regulated firms, most not too long ago stored the function of World Head of Regulatory Technique at Crypto Trade Kraken.

Earlier than that he was director of Europe and Worldwide Basic Counsel at Coinbase. It additionally serves as a enterprise accomplice with US Enterprise Capital Fund Sentinel World.

A joint embrace of crypto and blockchain-based belongings around the globe implies that massive gamers are confronted with navigating by a fancy net of evolving laws.

In 2024 alone, greater than 50 jurisdictions offered or established new crypto laws, starting from intensive regimes corresponding to Europe’s Markets in Crypto Property (MICA), to extra fragmented approaches in Asia and America, OKX be on a weblog publish.

The US is clearly an vital focus space for all main inventory exchanges given the pro-Crypto perspective of Donald Trump, which implies that coverage makers in Washington DC are being affected, in addition to on the state-based supervisors such because the New York Division of Monetary Providers (NYDFS).

“Clear, balanced laws are important to unlock the total potential of digital belongings, and I’m devoted to collaborate with legislators and coverage makers around the globe to construct belief and promote innovation. OKX’s Compliance-first tradition and worldwide imaginative and prescient make the best rationalization to advertise that mission.

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