JST Capital Hires Former New York Fed as More Crypto Regulations Loom

Former New York Federal Reserve regulator, Martin Grant, joined JST Capital, a financial services firm focused on digital assets, after a 32-year career at the central bank according to a press release on Tuesday. 

"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’s new title is Global Head of Regulatory Affairs & Integrity where he will be responsible for navigating JST in the ever-changing world of digital assets and their evolving regulations. There is no doubt that stricter regulations surrounding the digital word are imminent, especially after President Joe Biden’s executive order in March, calling for “a whole-of-government” approach to addressing the risks and benefits of crypto. 

“By bringing in Martin, who has over 30 years of experience operating in the regulatory and compliance space, JST is doubling down on its mission to not only offer clients unmatched financial services in the crypto sector, but to also assist in navigating the regulatory environment,” Scott Freeman, Co-founder and Partner at JST Capital, commented on the news. “We are excited to welcome Martin to the team and work alongside him to engage with regulators around the globe."

Grant spent almost 32 years at the New York Fed in various roles, with his latest being Senior Vice President and Chief Compliance & Ethics Officer, where he was responsible for building and leading internal compliance efforts.

He now joins the growing number of “nearly 240 examples of officials with key positions in the White House, Congress, federal regulatory agencies, and national political campaigns moving to and from the industry,” a Tech Transparency Project report claimed.

Author: Tyler Irvin

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