Youth want to run Britcoin, law firms surge in crypto

When the job was posted on 24 January, some criticized the relatively low salary range. The highest salary advertised was just £66,500, putting it roughly on a par with a London Tube driver.

Despite that, the ad said: “This work is important, complex and cross-cutting, and management will involve extensive engagement across and beyond the Treasury.”

The data also suggests that it is also the last major public policy post that has failed to attract many women. 88 applications came from men, against only 21 from women.

And may we all have confidence in the 12 people aged 16 to 24 who threw their hats in the ring.

As they say in football: if you’re good enough, you’re old enough.

A quick request from United Nations

Do you know a senior woman in crypto who deserves to be recognized for her role in the industry?

Then we need your help. Applications for United Nationsits first list of the twenty most influential women in Crypto is now open.

The list follows the successful launch of our broader crypto list in January, which recognized leaders at exchanges, asset managers, banks and more. But it also highlighted the gender imbalance in the top ranks of the sector.

So if you know someone who deserves to be included, please fill out this form and return it to [email protected] by closing time on March 27th.

“Slightly Sexy”

This is what the UK’s leading law firms say United Nations they’ve been beefing up their new digital resource teams over the past few years – and they’re not done yet.

Clifford Chance has 60 partners and senior associates specializing in crypto-related matters, of which 25 are based in London. That’s an increase of about a quarter since 2020, says the company.

Meanwhile, the number of Slaughter and May lawyers involved in the sector has increased by 30% over the past three years, while the amount of crypto work undertaken by the firm has doubled. It now has 12 partners and 30 staff focused on advising fintech clients, many of which are crypto-centric.

Matt Green, senior associate at Shoosmiths who specializes in crypto matters, said part of the reason digital assets have become a popular sector is because they “cover absolutely everything” in law.

“It’s kind of sexy,” he said. “You see these huge firms come and go, you see these huge headlines, and people want to be a part of it.”

Inside Binance’s US arm

Investors have long wondered exactly how closely tied Binance’s US operations are to the rest of the company.

Binance says it is actually a separate company that uses the brand, but otherwise remains independent. But Binance and Binance.US have been much more intertwined than the companies previously disclosed, The Wall Street Journal reported.

The company even mixed employees and finances, sharing an affiliated entity that bought and sold cryptocurrencies, according to the interviews and messages and documents reviewed by Journal. Find out more here.

And in case you missed it, here it is United Nationshis exclusive interview with Binance co-founder He Yi, from October. She said the UK is the “most stressful” country from a crypto regulatory perspective.

Further reading

Abrdn fires up digital asset push with Archax

Crypto companies behind tether used forged documents and shell companies to obtain bank accounts (WSJ)

Crypto firms cut ties with top banking partner Silvergate

Hedge fund short sellers say Silvergate crash could be sign of bottom (DL News)

FTX’s Trading Affiliate Alameda Sues Grayscale Over Crypto Investments (Financial Times)

To contact the author of this story with feedback or news, email Alex Daniel