Solidus Labs, a leader in crypto-native risk monitoring, market surveillance, and fraud-prevention, has hired former Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger to its team as vice president of regulatory affairs. She will be responsible for leading the company’s regulatory strategy as the company works toward its goal of enabling safe crypto markets and transforming financial risk monitoring.
“Kathy brings her strong commitment to consumer protection and deep expertise in public policy, regulation, and the legislative process to promote Solidus’, and the crypto industry’s, mission of enabling more accessible and transparent financial services, while mitigating new risks,” Solidus Labs founder and CEO Asaf Meir said in a release.
“Crypto and decentralized finance – DeFi – are not only changing the way we understand financial markets and risk, they’re also transforming financial regulation,” he added. “Kathy’s the right person to lead our strategy in response to demand from regulators, enforcement agencies and legislators for crypto-native risk monitoring solutions.”
In addition to her role as CFPB director, Kraninger has over 20 years of experience in public service in multiple administrations. Her prior positions include senior roles at the Office of Management and Budget, the Departments of Homeland Security and Transportation, and in both houses of Congress. Additionally, she is a member of the Milken Institute’s Fintech Advisory Council and a fellow with the Financial Data Exchange.
“I am excited to join Solidus Labs as we seek to advance market integrity and responsible innovation in the world of DeFi and crypto, which are truly changing the way we engage in the financial marketplace,” Kraninger said.
“Solidus brings essential crypto-native risk monitoring and fraud prevention capabilities that meet the needs of responsible industry players and regulators and can help facilitate the next generation of markets.”
Solidus, founded in 2017, has been working on crypto regulations as a critical path to industrial growth. It founded the Digital Asset Compliance and Market Integrity Summit (DACOM), has won the New York Department of Financial Services tech sprint on crypto regulation, and is a founding advisory council member and market integrity chair at Global Digital Finance, the crypto industry’s standard-setting organization.
Kraninger is scheduled to speak at this years’ National Settlement Services Summit (NS3) in Naples, Fla. from Aug. 31- Sept. 2, 2021. Click here for the agenda and additional information on how to register for the event.