Marco Santori, one of the influential lawyers to represent blockchain and cryptocurrency businesses, is joining Kraken, one of the world’s longest-operating crypto platforms, as its top in-house lawyer.
Announced today, Santori has been appointed to the role of Kraken’s chief legal officer where he leverages his experience with regulators, banks, payment service providers, broker-dealers, and to “drive the next phase of Kraken’s growth,” the exchange said in a statement touting his hire. He also serves as a as general counsel for Payward Inc., the parent company of Kraken.
Santori, who blockchainers have nicknamed the ‘Dean of Digital Currency Lawyers,’ assumes the role from Mary Beth Buchanan, a former federal prosecutor, who left in February to take on an analogous position at rival exchange Bitstamp. Marco most recently parted ways with Blockchain.com, an early entrant in the crypto space and one of the industry’s best-known wallet providers. The bitcoin-services company named the controversial attorney as its president and chief legal officer in 2018, replacing co-founder Nicolas Cary.
Prior to Blockchain, Santori had been a partner at the law firm Cooley LLP since November 2016, where he built a digital assets-focused legal practice. He also worked as an advisor to the International Monetary Fund and is best known in the crypto space as the developer of the Simple Agreement for Future Tokens (SAFT), a legal framework that allows ICOs issuers raise funds without extensive legal filings.
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In a blog post, Kraken welcomed Santori saying they were thrilled to have the prominent advocate of the digital asset revolution. The San Francisco-based cryptocurrency exchange notes that Santori’s impressive legal background allows him to…