Crypto Sector Seeks Lawyers, Compliance Officers After Reputational Hits – WSJ

To attract talent, some crypto firms are trying hard to distinguish themselves from the bad actors in the sector by promoting their approach to compliance. But it isn’t easy.

“There’s such a stigma to the industry right now,” said Jorge Pesok, who is hiring people for the legal team at the nonprofit HBAR Foundation, which awards grants to crypto projects.

“[The candidates] are just more hesitant to join now, because they are thinking about their long-term career moves, if it’s a smart idea, because some people have gotten burned,” said Pesok, who serves as chief legal officer at the foundation. He made the jump to crypto full-time in 2021, serving as the general counsel and chief compliance officer at crypto exchange platform Tacen.

Source: Crypto Sector Seeks Lawyers, Compliance Officers After Reputational Hits – WSJ