With over a decade of innovation inside crypto, Blockchain.com has earned its longevity by being some of the secure gamers within the house, largely because of our conservative and skilled leaders. Immediately, Iām happy to construct on that fame by welcoming former U.S. Comptroller of the Foreign money Joseph Otting to our board of administrators, the place he will even chair our audit and threat committee.
Joseph has served within the highest ranges of the U.S. authorities. From 2017 to 2020, he was chief officer of the Comptroller of the Foreign money (OCC) ā the first federal banking regulator ā the place he supervised practically 1,400 nationwide banks, federal financial savings associations, and federal branches and businesses of overseas banks working within the U.S. Whereas on the OCC, his remit was to make sure that nationwide banks and federal financial savings associations have protected and sound operations, present honest entry to monetary providers, deal with prospects pretty, and adjust to relevant legal guidelines and laws. Previous to changing into Comptroller of the Foreign money, Joseph was a seasoned govt within the banking business, serving as President of CIT Financial institution and President, CEO and Board Member at OneWest Financial institution, in addition to in senior posts at U.S. Bancorp, Union Financial institution of California, and Financial institution of America.
āCrypto is in an period much like the pre-consumer-use interval of the early 1990s when the web was being constructed however earlier than it was a lifestyle,ā stated Joseph Otting. āIt additionally jogs my memory of the sooner days of banking, when the business was navigating its digital shift. Iām honored to affix the board of Blockchain.com and assist it navigate the regulatory panorama as some of the established corporations in its house.ā
The approaching decade shall be essential not only for Blockchain.com, however for the complete crypto business. With entrepreneurs, builders, staff and customers participating within the house coupled with wholesome dialogue with international regulators, itās essential that we proceed to relentlessly ship merchandise that folks love ā whereas working in the direction of a everlasting regulatory framework to manipulate the house.
As Blockchain.com and the crypto business develop and develop into extra ingrained in folksās lives, Josephās perspective and experience in banking, monetary coverage and regulation will function an unbelievable asset to the corporate. Welcome Joseph, and mightāt wait to work with you to construct the way forward for finance.
