NEW YORK, NY / ACCESSWIRE / July 22, 2021 / Solidus Labs, a market leader in crypto-native risk monitoring, market surveillance, and fraud-prevention, announced today it welcomes Kathy Kraninger, former Director of the Consumer Financial Protection Bureau as Vice President of Regulatory Affairs. Kraninger, who served as CFPB Director from 2018 to 2021, will lead Solidus Labs' regulatory strategy, as the company - which recently announced a $20 million A round of funding with backers including a former CFTC Chair and a former SEC Commissioner - pursues its vision of enabling safe crypto markets and transforming financial risk monitoring.
Kraninger brings with her rich experience in public policy, risk management, consumer protection and financial regulation. Prior to her presidential appointment to lead the CFPB, she spent two decades in public service across multiple Administrations under leaders of both parties, including senior positions at the Office of Management and Budget, the Departments of Homeland Security and Transportation, and in both the U.S. Senate and the House of Representatives. She is a member of the Milken Institute's Fintech Advisory Council and a fellow with the Financial Data Exchange.
In her new role, Kraninger will oversee Solidus Labs' regulatory strategy and build a global team, as governments worldwide increasingly assess digital asset markets, demanding higher investor protection standards and introducing regulatory frameworks that require advanced risk monitoring and market surveillance capabilities. Solidus Labs, named by a Citigroup study as a category-definer for crypto market surveillance, provides crypto-native risk monitoring solutions that enable digital asset firms to comply with intensifying regulatory requirements, attract institutional investors and prevent market manipulation and fraud. Solidus Labs can help market participants advance the integrity of, and broader trust in, digital asset markets.
Since its founding, Solidus Labs has been a thought leader on crypto regulation, seeing it as a critical path to industry growth. The company has founded DACOM, the Digital Asset Compliance and Market Integrity Summit, which regularly hosts discussions with government officials and crypto industry leaders, is among the winners of the NY Department of Financial Services TechSprint focused on crypto regulation, and is a Founding Advisory Council Member and Market Integrity Chair at the crypto industry's standard-setting organization Global Digital Finance.
"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," says Asaf Meir, Solidus Labs' founder and Chief Executive. "Crypto and decentralized finance - DeFi - are not only changing the way we understand financial markets and risk, they're also transforming financial regulation. 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."
"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," said Kraninger, adding that "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."
Ryan Gorman, RGPR
SOURCE: Solidus Labs