ALBANY, N.Y.—The head of the virtual currency unit at the New York State Department of Financial Services is leaving the agency.
Peter Marton, who joined the New York financial regulator in late 2021 as the deputy superintendent of virtual currency, will depart at the end of the month. Marton will move to the private sector to work at an entity not regulated by the NYDFS, according to a spokeswoman for the agency, the Wall Street Journal reported.
Before joining the New York regulator, Marton was the director of digital assets at consulting firm Promontory Financial Group, which is part of IBM Consulting.
The NYDFS has posted a hiring announcement for the position, which asks candidates to submit résumés and letters of interest to the agency before Oct. 9. Responsibilities for the position include overseeing applications for BitLicenses—which allow firms in the state to do business in crypto—as well as giving guidance on examinations of virtual-currency firms and coordinating with other regulators, according to the posting, The Journal noted.
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Superintendent of Financial Services Adrienne Harris, who oversees the NYDFS, said the search for Marton’s replacement will extend globally.
“Pete Marton is an extraordinary talent and has been integral to the department’s transformation of the Virtual Currency Unit over the last two years,” Harris told The Journal. “Attracting and developing top talent will always mean our staff are offered great new opportunities. We wish Pete all the success and happiness in his new future role.”
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