In his new position, Ben Grey will oversee our authorized, compliance and enterprise danger administration operations, guiding the corporate by way of the quickly evolving regulatory panorama.
He’ll guarantee we proceed to uphold the best requirements of compliance and integrity because it additional expands its geographical footprint and product portfolio. Ben will report on to our co-CEOs Arjun Sethi and David Ripley.
Co-CEO Arjun Sethi: “Ben is a important addition to our management group as we scale the enterprise and drive innovation globally. His deep expertise as a normal counsel and chief compliance officer make him a really perfect CLO for Kraken, because the trade continues combating for regulatory readability and shopper protections.”
Co-CEO David Ripley: “By aligning authorized, compliance and danger inside this group, we’re wanting ahead to leveraging Ben’s distinctive expertise to make sure seamless execution and operational excellence throughout the markets during which we function globally.”
CLO Ben Grey: “I’m honored to step into the position of CLO at Kraken, an organization that has persistently been on the forefront of the cryptocurrency trade. Over the previous 12 months, we’ve seen super progress in shifting in direction of regulatory readability across the globe and 2025 will likely be a pivotal 12 months.”
“People who adapt most successfully — with out compromise to their potential to innovate and supply the very best consumer expertise — will come out on prime. Kraken is extraordinarily nicely positioned to capitalize on this chance, and I couldn’t be extra excited to affix throughout this subsequent section of development for the crypto trade.”
Ben brings over 15 years of expertise on the intersection of blockchain, crypto and authorized compliance. His profession has spanned numerous roles, from serving within the U.S. federal authorities as a monetary regulator to working as a regulatory lawyer in the course of the early days of Bitcoin.
He pioneered compliance frameworks for consumer-facing crypto merchandise at Block (previously Sq.) and led progressive stablecoin initiatives at Paxos, together with the USDG stablecoin, which was launched in partnership with Kraken.
His distinctive background and management abilities will assist us with the continued enlargement of its world footprint whereas navigating regulatory modifications in its main markets corresponding to Europe and the U.S.
Ben succeeds Marco Santori, who has been our CLO since 2020. Marco, who was instrumental in constructing a world-class authorized group, representing crypto on the worldwide stage and tackling important regulatory challenges, will keep on as an advisor.
These supplies are for normal data functions solely and aren’t funding recommendation or a advice or solicitation to purchase, promote, stake, or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken makes no illustration or guarantee of any sort, categorical or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such data and won’t be accountable for any errors, omissions, or delays on this data or any losses, accidents, or damages arising from its show or use. Kraken doesn’t and won’t work to extend or lower the worth of any explicit cryptoasset it makes out there. Some crypto merchandise and markets are regulated and others are unregulated; regardless, Kraken might or is probably not required to be registered or in any other case authorised to supply particular services in every market, and also you is probably not protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the crypto-asset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and it is best to search unbiased recommendation in your taxation place. Geographic restrictions might apply. See Authorized Disclosures for every jurisdictionright here.
