Fireblocks Chooses Ex-SEC Commissioner as New Policy Chief

Fireblocks, a blockchain infrastructure platform, has appointed Elad Roisman as its new chief regulatory/policy officer and general counsel, effective immediately. Roisman, a former commissioner and acting chair of the Securities and Exchange Commission (SEC), will serve as the company's main liaison to regulators and standards groups.

Co-founder and CEO Michael Shaulov highlighted Roisman's dual experience as a regulator and legal advisor to prominent financial institutions, noting that this expertise will help Fireblocks' infrastructure adapt and thrive in a dynamic regulatory environment. With stablecoins gaining traction in institutional finance, regulators across the U.S., European Union, Asia, and the Middle East are developing rules and legislation to govern the market.

Roisman, who served on over 100 rulemakings and more than 1,000 enforcement actions during his time at the SEC, emphasized the current surge in interest from regulators and lawmakers in promoting digital asset innovation. He expressed enthusiasm about contributing to Fireblocks' team as the company supports institutions in building and growing within the evolving financial system.

Recent research by PYMNTS Intelligence reveals growing consumer interest in using cryptocurrency and stablecoins for purchases, though acceptance, trust, and uneven payment experiences remain challenges. A significant 77% of consumers indicated they would open a crypto or stablecoin wallet through a banking or FinTech app, suggesting that banks and FinTechs can leverage existing trust relationships to introduce digital asset capabilities.