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Omniex Hires Former SEC And FDIC Execs As Members Of The Board of Advisors

The Honorable Sheila C. Bair
 

(HiBusiness) – According to an official statement released on August 7, 2018, Omniex has extended its staff with prominent specialists, including previous executives of major U.S. financial regulators.

Omniex has appointed previous U.S. Securities and Exchange Commission (SEC) executive Arthur Levitt and Federal Deposit Insurance Corp (FDIC) Chairman Sheila Bair as members of the board of advisors.

The cryptocurrency trading firm also declared that Maartje Bus, the previous head of capital markets at Thomson Reuters, has joined Omniex as an executive of strategic partnerships, while Tom Eidt, the previous head of KCG’s regulatory affairs was selected as chief compliance officer and general counsel.

Levitt, who was the twenty-fifth and longest-serving director of the SEC for eight years, asserted that institutional investors require a “purpose-built technology to solve the challenges they face today and equipped to handle the hidden obstacles they’ll encounter tomorrow in this new asset class.”

Levitt as of now fills in as counselor to various organizations, for example, Mirror, BitPay, Blockchain, PeerIQ and Sofi although he was previously working as a senior consultant to Goldman Sachs and The Carlyle Group.

Previous FDIC executive Sheila Bair stressed that the crypto business is a “revolutionary, global asset class” that is at present in its early stages. She additionally said that the world is currently “on the cusp of regulatory thinking on how to approach and regulate crypto assets.”

“Technology like Omniex is designed to address regulators’ concerns about a lack of robust market infrastructure, and will enable institutional investors to manage risk across a wide range of jurisdictions, liquidity sources, and crypto-assets,” Blair expressed.

Having filled in as chair member of the U.S. banking regulator for five years, Bair assumed an important role in the government’s reaction to the financial issues of 2008.

Cryptocurrencies like (BTC) can be an approach to enhance existing financial tools. Bair argued that Bitcoin “has failed miserably as a method of payment.” The previous FDIC chair also expressed that the Federal Reserve needs to genuinely think about the relative advantages of issuing its own digital currency.

Omniex is an office investment and trading platform for institutional investors. Established in 2017, the organization has raised $10 million up in seed financing from investors, for example, Digital Currency Group, Sierra Ventures, and British multifaceted investments very rich person Alan Howard.

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