Cryptocurrency change OKX has employed Marcus Hughes as its new vice chairman and international head of presidency relations, the corporate introduced on Wednesday.
Hughes, who has over twenty years of expertise scaling regulated companies, most just lately held the position of worldwide head of regulatory technique at crypto change Kraken.
Previous to that, he was managing director for Europe and worldwide common counsel at Coinbase. He additionally serves as a enterprise accomplice with U.S. enterprise capital fund Sentinel World.
A concerted embrace of crypto and blockchain-based belongings all over the world means massive gamers are confronted with navigating a posh net of evolving rules.
In 2024 alone, greater than 50 jurisdictions proposed or enacted new crypto rules, starting from complete regimes like Europe’s Markets in Crypto Belongings (MiCA), to extra fragmented approaches in Asia and the Americas, OKX identified in a blogpost.
The U.S. is clearly a key focus space for all main exchanges given Donald Trump’s pro-crypto stance, which suggests partaking with policymakers in Washington D.C., in addition to state-based regulators just like the New York Division of Monetary Providers (NYDFS).
“Clear, balanced regulation is important to unlocking the total potential of digital belongings, and I’m dedicated to working with legislators and policymakers all over the world to construct belief and foster innovation. OKX’s compliance-first tradition and international imaginative and prescient make it the best platform for advancing that mission,” Hughes stated in an announcement.
Learn extra: The Protocol: OKX Slashes Native Token Provide in Half
