MoonPay, Startup Known for Celeb NFT Buys, Adds Obama-Era Money Laundering Watchdog
James Freis, a former top money-laundering prevention official at the U.S. Treasury Department, has joined MoonPay as a special adviser for regulatory matters, the payments infrastructure company said Wednesday.
Freis, who ran the Treasury’s Financial Crimes Enforcement Network (FinCEN) under former Presidents George W. Bush and Barack Obama, will advise MoonPay’s executives and compliance officials as the startup further establishes its systems for allowing people to buy and sell cryptocurrencies using a range of payment methods, such as credit cards, bank transfers and Apple Pay, the company said in a statement.
More & more government official are being hired to work with blockchain companies. Do they hire them for clout, because they need to be advised, or both reasons??