Circle Internet Financial Limited, a cryptocurrency startup backed by Goldman Sachs, announced today that it has welcomed Gus Coldebella to its senior leadership team as Chief Legal Officer. In this role, he will be responsible for all legal, compliance, regulatory and government affairs for the company.
Regulation in the crypto industry is nothing short of complicated. With the industry evolving at a rapid pace and regulation attempting to keep up, it is important for companies to have someone with experience behind them to take on this challenge.
The appointment of Coldebella appears to be a wise choice as he joins Circle with years of experience in advisory and legal roles. From 2005 until 2009 he worked with the US Department of Homeland Security. Initially, he joined as Deputy Counsel General before being promoted to acting General Counsel at the beginning of 2007.
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In this role, Coldebella oversaw more than 1,700 lawyers and as can be expected, dealt with some pretty complex and high-risk legal situations. He has decades of experience in private practice with leading law firms counselling clients on litigation, government regulation and enforcement, corporate governance, and technology-driven risk.
According to the statement: “Gus’s leadership will be critical in our mission to work with legislators and regulators around the world to promote smart legal frameworks that encourage growth of the Internet of Value, all while we also work tirelessly with government partners to thwart those bad actors who seek to abuse the freedoms created by technical innovation or undermine confidence in our financial system.”
Gus Coldebella will lead a team of new appointments for the company
In his new role, Coldebella will be leading a team of recently hired employees by Circle. This includes Robert Bench, Head Regulatory Counsel & Chief Compliance Officer; Carla Carriveau, Senior Regulatory Counsel; Charles Heenan, Senior Legal Counsel; Lisa LoGerfo, Senior Legal Counsel; Benedicte Nolens, Head of Regulatory Affairs for Asia and Europe; and Blair Halliday, MLRO and Director of Compliance.