Ripple Executive is switching to the crypto platform ⋆ ZyCrypto with former SEC chairman Clayton as a consultant

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Israel-based crypto custody provider Fireblocks has tapped a former Ripple manager.

Cassie Craddock, who joined the San Francisco-based blockchain startup in August 2017 as the company’s Manager of Business Development before being promoted to Director of Ripples Europe Sales and ultimately ERG Leader, is no longer with the company.

The executive said on Wednesday that it was going to investigate a “new challenge”. She will join Fireblocks as the new sales director.

Interestingly, Fireblocks has former SEC chairman Jay Clayton as a member of its advisory board. Clayton, who resigned from his post with the SEC last December, led a crackdown on cryptocurrencies.

He is notorious for filing a lawsuit against Ripple in his final days in office. The former head of the U.S. market watchdog claimed Ripple and its current and former CEOs made an unregistered security offering worth $ 1.3 billion.

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Clayton joined Fireblocks in August this year shortly after the crypto-custody firm raised over $ 300 million in a Series D funding round that sealed its unicorn status with a valuation of $ 2 billion. The funding was jointly managed by giants like Stripes, Sequoia Capital, Coatue and the venture arm of Thailand’s oldest bank, Siam Commercial Bank.

Fireblocks was founded in 2018 and focuses on selling digital asset custody services to banks and other large financial institutions. In early 2021, Fireblocks was selected by BNY Mellon – America’s oldest bank – to offer crypto-custody solutions to its customers.

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