Company and Industry News
POLITICO: Treasury lists digital currency addresses in sanctions for first time, by Patrick Temple-West - November 28, 2018
"Today's announcement from the U.S. Treasury Department is a significant development," said John Beccia, co-founder and CEO of FS Vector, an advisory firm. "This action highlights the potential risks associated with these transactions and unique challenges for industry and regulators alike."
Corporate Counsel: From GC to Founder: How Circle's Former Top Lawyer Set Up a Consultancy for Crypto, Fintech, by Kristen Rasmussen - August 7, 2018
In June, John Beccia left his role as general counsel and chief compliance officer at Circle Internet Financial to set up his own shop: FS Vector, a Washington D.C.-based consultancy for the financial services, fintech and cryptocurrency industries. Beccia was one of the first employees at Circle when he joined the Boston-based peer-to-peer payments startup in October 2013. He now hopes to draw on his experience in helping build a global crypto finance company to assist others in the space. Beccia, who started FS Vector with former Consumer Financial Protection Bureau deputy director Raj Date, spoke with Corporate Counsel reporter Kristen Rasmussen about his move and some of the challenges associated with cryptocurrency.
Bloomberg: Ex-CFPB Deputy to Guide Crypto Firms Through Regulatory Thicket, by Robert Schmidt - July 12, 2018
A former Consumer Financial Protection Bureau deputy director turned venture capitalist is opening a consulting shop to help cryptocurrency and digital banking companies navigate Washington. Raj Date’s new firm, FS Vector, said in a statement that it will focus on regulatory, legislative and compliance issues. Along with crypto clients, FS Vector plans to work with other financial technology companies such as robo advisers, online lenders and digital-payment providers, as well as traditional banks.