The drumbeat of hires crescendoed in November when Ripple, a venture looking to rewire global banking with its own cryptocurrency, added Ben Lawsky to its board. He earned a tough reputation as New York’s top financial watchdog by pushing banks to scrutinize client transactions for illicit dealings. In January, crypto brokerage Omega One enlisted a new adviser, Bart Chilton, a former member of the Commodity Futures Trading Commission. ‘Air cover’The hiring spree breaks with the crypto world’s dominance by millennials—many with no background in traditional banking. One of the headlines on the piece: “Why we left government to join the Bittrex exchange.” Bloomberg

Source: Mint February 27, 2018 12:00 UTC