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Astra Protocol Adds Mick Mulvaney as Strategic Advisor

Wednesday, April 13, 2022 5:00 PM
Astra Protocol

Former U.S. House of Representatives member and acting White House Chief of Staff to focus on U.S. strategy

ZURICH, SWITZERLAND / ACCESSWIRE / April 13, 2022 / Decentralized compliance solution for the crypto space Astra Protocol is tapping Mick Mulvaney, a former member of the U.S. House of Representatives and acting White House Chief of Staff under former President Donald Trump, as a strategic advisor.

Astra Protocol , Wednesday, April 13, 2022, Press release picture

Mulvaney will focus on U.S. strategy for Astra Protocol, with an emphasis on shifting global crypto policies, the importance of KYC, and helping develop Astra's role in the Web3 economy.

"Mr. Mulvaney brings to the table a lengthy career both as a policymaker and government official. Adding him as a strategic advisor will enable Astra Protocol to tap into his expertise across a variety of regulatory environments and help us deliver on our mission to provide the industry's leading KYC/AML solution for DeFi protocols around the world," said Phil Hogan, head of Astra Protocol's advisory board.

As Decentralized Finance (DeFi) becomes more mainstream, a greater emphasis has been placed on adhering to strict regulations, which can change jurisdiction by jurisdiction. Astra Protocol wants to help the DeFi ecosystem continue its growth trajectory by facilitating regulatory compliance without compromising on decentralization.

Astra Protocol's mission is to equip all DeFi smart contracts with a fully decentralized compliance layer, including KYC and AML capabilities, which will serve as a tool to resolve compliance issues leveraging the expertise of trusted legal firms.

The protocol was designed to serve as a decentralized legal layer, designed and built to verify information in different settings. This patented technology layer selects the most suitable expert to examine the evidence, data, or contractual information and return an unbiased decision based on their findings.

Astra's one-of-a-kind Decentralized Legal Network (DLN) is an ecosystem that includes major legal and audit firms from around the world to provide the best KYC/AML services in the industry. Its DLN covers jurisdictions in 155 countries, ensuring protocols can remain in compliance with regulations almost anywhere on the planet.

"Maintaining regulatory compliance is essential for the continued growth and adoption of DeFi. As global policies evolve, firms will need to carefully navigate the landscape as regulations shift beneath their feet," says Mulvaney.

"That's what Astra Protocol is looking to make possible and I'm glad to be joining them in a strategic capacity."

About Astra Protocol

Based in Zurich, Switzerland, Astra Protocol is building a decentralized compliance layer for the Web3 economy. Its founding team of technology visionaries have been active in the blockchain space since 2013, investing in patents and scaling businesses in sectors spanning gaming to the biomed space. The company held a token raise in December 2021, raising $9 million from investors including Republic, DAOMaker, Fundamental Labs, LD Capital, Richard Dai, and Wave GP Cardano.

About Mick Mulvaney

Mick Mulvaney has served in a variety of government capacities over his career. From 2011-2017, he served as a member of the U.S. House of Representatives, serving South Carolina's 5th district. He was briefly acting director of the Consumer Financial Protection Bureau, and spent more than 3 years as Director of the Office of Management and Budget before a stint as acting White House Chief of Staff under former President Donald Trump. He is an advisor to the Chamber of Digital Commerce, a leading blockchain/crypto trade association.

Media Contact:
Alex England
[email protected]

SOURCE: Astra Protocol

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