Digital Asset names Hoffmann Director of Regulatory and Government Affairs
29 July 2024 US
Image: Digital_Asset
Digital Asset, a provider of blockchain and tokenisation software, has onboarded Matthew Hoffmann as director of regulatory and government affairs.
Hoffmann will play a crucial role in representing Digital Asset to stakeholders in the US government, trade associations, and regulatory bodies.
His efforts will focus on shaping and driving educational initiatives and legislative efforts related to the regulation and adoption of digital asset and blockchain technology.
Digital Asset says it is committed to advancing the promise of blockchain technology through public and private collaborations and by developing technology that can adapt to evolving regulatory requirements.
Prior to joining Digital Asset, Hoffmann served as staff director to the Chairman of the House Financial Services Committee, Congressman Patrick McHenry, since 2021.
He was the chief advisor to the Chairman for all committee activities, including its response to the 2023 banking crisis, advancement of capital market reforms, and creation of the first-ever Digital Assets, Financial Technology and Inclusion Subcommittee.
This work led to the Financial Innovation and Technology for the 21st Century Act (FIT21), a novel market structure proposal bringing consumer protections and regulatory clarity to the digital asset ecosystem.
Commenting on Hoffmann’s performance, McHenry says: “I asked Matt to join our committee three years ago, because I believed he would be a problem solver, skilful negotiator, and thoughtful leader for Committee Republicans, and I am proud to say that he more than lived up to those expectations.”
Hoffmann’s previous experience includes serving as policy director at the Senate Finance Committee and for former Speaker Paul Ryan, at the House Budget Committee, Ways and Means Committee, and in the Speaker’s office.
He also worked at the BGR Group as a principal and a member of the firm’s healthcare practice.
Yuval Rooz, co-founder and CEO of Digital Asset, says: “We are very pleased to welcome Matt and the knowledge and experience he brings in successfully managing a wide range of complex legislative and regulatory matters.
“We built the Canton Network to be able to operate in a complex and changing regulatory environment, and Matt will play an important role in educating and strengthening our relationship with policymakers and regulators.”
Paul Patella, head of strategic communications at Digital Asset, adds: “Matt’s hire is a particularly important one for us as the regulatory landscape continues to shift and evolve in the blockchain space.
“We are extremely pleased to welcome someone of Matt's experience and calibre, and are pleased that he would make the choice to join Digital Asset following his many accomplishments in the US political circles with the Beltway.”
Upon starting his new role, Hoffmann says: “After many years on the policy side in Washington DC, I am excited to leverage my expertise and work with a team that is committed to advancing this industry in a responsible and compliant manner, to be an advocate for the innovation Digital Asset is driving in the industry, and to help advance the broader industries’ priorities.”
Hoffmann will play a crucial role in representing Digital Asset to stakeholders in the US government, trade associations, and regulatory bodies.
His efforts will focus on shaping and driving educational initiatives and legislative efforts related to the regulation and adoption of digital asset and blockchain technology.
Digital Asset says it is committed to advancing the promise of blockchain technology through public and private collaborations and by developing technology that can adapt to evolving regulatory requirements.
Prior to joining Digital Asset, Hoffmann served as staff director to the Chairman of the House Financial Services Committee, Congressman Patrick McHenry, since 2021.
He was the chief advisor to the Chairman for all committee activities, including its response to the 2023 banking crisis, advancement of capital market reforms, and creation of the first-ever Digital Assets, Financial Technology and Inclusion Subcommittee.
This work led to the Financial Innovation and Technology for the 21st Century Act (FIT21), a novel market structure proposal bringing consumer protections and regulatory clarity to the digital asset ecosystem.
Commenting on Hoffmann’s performance, McHenry says: “I asked Matt to join our committee three years ago, because I believed he would be a problem solver, skilful negotiator, and thoughtful leader for Committee Republicans, and I am proud to say that he more than lived up to those expectations.”
Hoffmann’s previous experience includes serving as policy director at the Senate Finance Committee and for former Speaker Paul Ryan, at the House Budget Committee, Ways and Means Committee, and in the Speaker’s office.
He also worked at the BGR Group as a principal and a member of the firm’s healthcare practice.
Yuval Rooz, co-founder and CEO of Digital Asset, says: “We are very pleased to welcome Matt and the knowledge and experience he brings in successfully managing a wide range of complex legislative and regulatory matters.
“We built the Canton Network to be able to operate in a complex and changing regulatory environment, and Matt will play an important role in educating and strengthening our relationship with policymakers and regulators.”
Paul Patella, head of strategic communications at Digital Asset, adds: “Matt’s hire is a particularly important one for us as the regulatory landscape continues to shift and evolve in the blockchain space.
“We are extremely pleased to welcome someone of Matt's experience and calibre, and are pleased that he would make the choice to join Digital Asset following his many accomplishments in the US political circles with the Beltway.”
Upon starting his new role, Hoffmann says: “After many years on the policy side in Washington DC, I am excited to leverage my expertise and work with a team that is committed to advancing this industry in a responsible and compliant manner, to be an advocate for the innovation Digital Asset is driving in the industry, and to help advance the broader industries’ priorities.”
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