Alert Former CFTC Head Takes Crypto Exchange Leadership Role

Mark Wetjen former acting chairman of the CFTC and former DTCC global policy lead has been named president of Backpack US. $BTC

Key signals

First US regulator to advocate for clear crypto industry rules

Backpack raising $50 million targeting unicorn status

Three year international regulatory expansion plan underway

Building regulated on chain infrastructure bridging crypto and traditional finance

Former regulators moving into $BTC infrastructure is a structural bullish signal for the entire sector

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