Swiss company Astra Protocol has hired Mick Mulvaney, the former acting White House chief of staff for former US President Donald Trump, as a strategic adviser.
The Cryptocurrency Firm is a decentralized compliance solution that helps protocols deal with compliance regulation “without abandoning decentralization or exposing investors to risk,” according to the Astra Protocol’s official website.
Read More: Crypto.com Exchange Cronos Blockchain Collaborates with Chainalysis to Track CRC-20 Tokens
Mulvaney told Bloomberg that firms like Astra “could take some of the cloak and dagger out of the crypto industry and take some of the mystery out of the blockchain.”
According to the company, Astra will benefit from the former government official’s “experience” in various regulatory environments.
Mulvaney also served as Director of the United States Office of Management and Budget during the presidency of Donald Trump . Prior to that, he, in particular, was the US representative from the state of South Carolina.
Recently CBS News brought in Mulvaney to work as a correspondent, which caused some controversy.